Derivatives software leader FINCAD announced the release of a new version of its acclaimed derivatives risk analytics platform F3.

The financial sector has seen choppy waters in recent months, with economic turmoil roiling through global markets with ongoing concerns with the debt crisis in Greece and slumping economic output worldwide. The Wall Street Journal noted on Monday, October 3, that the Chicago Board Options Exchange Volatility Index closed at 45.45, its highest level since 2008.

“With accentuated price movements in financial assets seemingly becoming the new norm, batched/end of day monitoring of portfolio exposures may no longer be as acceptable as it once was,” Dr. Mayiz Habbal, senior vice president of securities and investment at consulting firm Celent, said in a statement. “Companies need to invest in technologies that give them accurate visibility into the profitability of their portfolios.”

It was in response to these concerns that FINCAD developed F3 2.1, which offers an expanded array of tools for analyzing derivatives pricing from the individual trades to entire portfolios. With growth in collateral requirements and hybrid modelling, the platform integrates methods of accounting for nearly any type of contract. All of these functions can be performed on-demand, allowing for continuous monitoring of an institutions exposure.