Derivative Path Selects FINCAD Platform for OTC Derivatives Analytics

Derivative Path has elected to use FINCAD’s financial analytics platform as part of the company’s service offerings for over-the-counter derivatives transactions.

The FINCAD platform provides OTC derivatives pricing and risk management solutions, which Derivative Path will use to automate certain trading operations for financial institutions that outsource their OTC derivatives operations. Derivative Path aims to reduce errors caused by manual processing and help firms keep up with compliance.

“The FINCAD platform gives us a competitive advantage. We can give our customers strategic advice and trade valuations based on accurate analytics—and all this is available on a real-time basis,” said Pradeep Bhatia, Derivative Path co-founder and co-CEO. “At the moment, our focus is on OTC interest rate derivatives, but as we expand into other asset classes, FINCAD’s cross-asset platform will be able to grow with us.”