Case Study: CITIC Securities achieves rapid derivatives expansion and real-time risk analytics with FINCAD's F3

CITIC Securities Expands Derivatives Business With Fincad's F3

CITIC Securities, one of China’s leading investment banks, needed to expand its equity derivatives business in Asia by trading increasingly sophisticated vanilla and exotic products. The firm required a front‑office analytics platform with robust pricing models, scalable architecture, fast performance, comprehensive risk analytics and seamless integration with existing systems, so it selected FINCAD and its F3 analytics technology to meet these needs.

FINCAD implemented the F3 solution to provide pricing for vanilla and exotic trades, full portfolio risk reports, and integration with CITIC’s trading, settlement and portfolio systems. F3’s flexible architecture, distributed calculations and patented Universal Algorithmic Differentiation delivered first‑order sensitivities in a fraction of the time of curve‑bumping, enabled intra‑day risk and valuation, and allowed CITIC to be operational in only a few months—accelerating time to market and supporting trading across Hong Kong and Mainland China.

CITIC Securities

Xu Xing Hai

Director of Equity Derivatives Business