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Savvysoft Wins "Most Innovative Derivatives Technology" Award in Latest Risk Magazine Survey

Savvysoft recognized for long string of industry firsts that continues to present day

New York, December 10, 2015 –- Savvysoft announced today that it has been voted the Most Innovative Derivatives Technology Vendor in the prestigious Risk Magazine Derivatives Technology Survey. This honor was earned in recognition of over two decades of firsts for the company:

  • First set of pricing models for all plain vanilla and exotic OTC structures in the Interest Rate, Equity, Commodity, FX, Energy, Electricity, Inflation, and Credit Derivatives markets
  • First with Dialog boxes and a template builder in Excel with automatic help for error-free inputs
  • First models to accept market curves and schedules for virtually any deal input
  • First to allow interpolation
  • First models with multi-factor recombining trees for fast and accurate valuations of European and American options
  • First multi-factor recombining tree for Libor Market Model
  • First to price options taking counterparty credit exposure into account
  • First to offer market-implied default probabilities for corporates
  • First XML specification to define any type of exotic instrument
  • First Black-Derman-Toy model with volatility curve and no tree pruning
  • First to offer Realized Historical VaR
  • First to offer model to price any OTC instrument by simply specifying a payoff function in Excel
  • First backtesting of OTC instruments
  • First to calculate option performance attribution
  • First to automatically convert Excel spreadsheets to C++

and more, many of which have yet to be offered by anyone else in the marketplace.

Rich Tanenbaum, Savvysoft founder, said "We're honored to accept Risk Magazine's Most Innovative Technology Award. Savvysoft has won many #1 rankings over the years for our fast, easy to use, robust derivatives valuation and risk software. It's nice to be recognized for pushing the envelope in terms of creating the latest technology. At Savvysoft, we like to raise the bar in our industry, come up with new ways to make technology easier and more useful for our clients. We're glad Risk Magazine and our clients have noticed."

About Savvysoft

Savvysoft is a New York City-based provider of award winning OTC derivatives pricing analytics, and portfolio and risk management systems. Savvysoft’s products handle OTC derivatives in every traded market including: Interest Rates, Inflation, Credit, Equities, FX, Commodities, Convertibles, Energy & Electricity. Our products are used by thousands of users from a broad range of financial institutions worldwide. These institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the former head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust.

All product names referenced herein are trademarks of their respective companies.

Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com


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