Postrecession news regarding the SECs pursuit of programming language transparency on Wall Street, coupled with the Obama administrations mitment to enhance procedural transparency in the financial sector, has set the stage for a new, Italian startup ready to disrupt the system. Fermat Consulting, makers of the free, financial modeling software Fairmat are adding a whole new level of transparency and accessibility to financial contract valuations. The new product is rosetta stone
set to revolutionize the valuation of financial contracts and investment projects by subverting the various elements which Fermat Consulting says currently characterize the financial engineering world: plexity, high costs and opacity in valuation procedures.According to Matteo Tesser, Fairmats Product Manager, The first challenge when considering a financial contract is plexity. Even those who already possess excel skills and/or programming experience find that they need additional technical resources and market data, and more importantly, financial resources and instruments to get the needed outputs. This is how financial engineering creates information and knowledge asymmetry. The lending institutions, which have these expensive resources, make their profits to the detriment of other players. In Italy, for example, many problems related to varied and often plex derivative contracts, which are held by regional governments and small business, have been denounced by consumer protection agencies. We feel that the mismanagement of this plexity helped to cause, among other problems, the recent crisis in the derivative markets. Additionally, it is this lackof transparency that continues to threaten the stability of the global financial and economic systems today.Simply put: Learn Spanish
Fairmat (.fairmat./) is a software that enables users to model or replicate any kind of financial contract without having to actually write pricing routines. This is done using an intuitive graphic/algebraic language that simplifies and deconstructs a contract down to its basic elements. Then, several analyses such as fair value calculation are elaborated and then displayed by prehensible charts and graphs. Given its modeling features and free access, Fairmat would be ideal for use in academia, say, for university students learning derivatives contracts.The best part: Fairmat Academic is pletely free. Fairmat is also multiplatform, with versions available for Windows, Mac OSX and Linux. mercial versions include extended functionality, such as dataprovider integration and IAS accounting analysis at a cost that is much lower than with other solutions, making this software accessible to small businesses and financial consultants. To stimulate innovation, the pany is willing to create revenueshare partnerships with people who contribute opensource plugins to the project. This will add value to the core product and bring the additional benefits of crowdsourced innovation and bestpractices to the mercial users.Article Source: .articlesnatch.About the Author:Press Contact: MatteoRosetta Stone Spanish Latin America
Tesser, PhDFERMAT Consulting SrlStr.
2011年4月8日星期五
Bringing Free Transparency And Accessibility To Financial Valuations
0 评论:
发表评论