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Banks are making a dash for faster methods to calculate derivatives prices, in a move that may presage the return of exotic derivatives that have disappeared since the financial crisis. Many of the complex and multi-layered derivatives sold before 2007 are no longer economic because of the need to factor in the cost of funding, collateral, counterparty risk and regulatory capital.

It’s a common conundrum. Tech leaders at financial organizations often grapple with the decision of whether to build trading and risk systems in-house, or turn to vendors with off-the-shelf products that meet their requirements. Traditionally, tier one sell-side institutions–the ones with access to the largest IT budgets–have opted to build technology internally to maintain full control over their

FINCAD named Parisa Golbayani the recipient of its 2016 Women in Finance Scholarship. Golbayani will receive $10,000 to apply towards pursuing her PhD in Financial Engineering at the Stevens Institute of Technology. FINCAD's annual scholarship program is aimed at encouraging and supporting exceptional women in finance, particularly in the areas of derivatives and financial risk management. This

As a buy- or sell-side firm, you may not be thinking about some of the more detailed aspects of managing your investment portfolio, like for example, how your trade calendar and particularly holidays are treated in your analytics system. But the truth is that getting holiday conventions right is crucially important to helping you accurately price trades. Glen Goodvin, PhD, Senior Quantitative

Although more institutional investors benefit from netting their collateral obligations, many have not updated their hedging strategies to reflect their firm’s global approach to collateral. James Gavin, Senior Derivatives Analyst at FINCAD discusses how the standard risk-neutral valuation approach to pricing derivatives is changing slightly as an increasing number of firms start to include