Try Before You Buy: Firms, Vendors Employ Proofs of Concept

alexei-miller-dataart
Alexei Miller, DataArt

Fincad was still tweaking Version 1.0 of its latest product when it began talks with Aberdeen Asset Management. The $264 billion asset manager was interested in F3 Excel, Fincad’s credit valuation adjustment and risk management tool—just not interested enough to sign a contract.

Aberdeen told Fincad it didn’t know if F3 Excel would work, but its ability to model derivative deals at a granular level sounded promising. At that time, the software was anything but a finished product, and Aberdeen

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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