In January of this year, RiskVal Financial Solutions launched RVExcel, an add-in that seamlessly integrates superior analytics, market data, and custom functions into Excel’s interface. The evaluation platform’s flexibility in light of ever-changing market conditions is innovative and advantageous to fixed-income traders. RVExcel enables traders to construct spread & butterfly strategies, PnL calculations, LIBOR curves, OIS curves, and evaluate financial instruments such as TBAs, TIPS, listed options, bonds, swaps and futures. The application supports G20 historical, intraday, and delayed data as well as real-time data.
RVExcel’s model is based on RiskVal’s popular analytics flagship application Relative Value Fixed Income (RVFI). RVExcel utilizes the same analytics engine as RVFI. It is an API interface with exceptional flexibility, control, and customization; RVExcel virtually eliminates the learning curve for those that utilize Excel. The add-in enables complex calculations effortlessly with less than 150 functions; in the normal Excel interface it would easily take several hundreds of functions to yield the same results.
A notable feature of RVExcel is the custom “RV” ribbon, which houses templates as well as tools to model up financial instruments, including bonds, futures, swaps, swaptions, and user created WIs. This allows traders to quickly build out custom spreadsheets without needing to look up ISINS or CUSIPS in another application. Furthermore, it is easy to share your spreadsheet with other traders on the floor. As long as they run RVExcel all that you would need to do is send your spreadsheet over. This is particularly useful for those that work with assistants or on teams.
Since its release, RVExcel has received positive feedback from traders and C-level executives.
A Trader at a Hedge Fund states,"I use RiskVal Excel extensively in modelling and pricing various rates and vol products. I find it useful for how well it conforms to my existing spreadsheets and how seamless it is to use it with Bloomberg and other pricing sources."
Norfolk Markets LLC, Vice President & CTO, Michael Thilmont, comments,"RVExcel brings the power of RiskVal’s award winning analytics to Excel. RVExcel has allowed me to integrate RiskVal’s Curves and Analytic tools directly into my existing excel workflow, enhancing my ability to rapidly identify investment opportunities in the global markets. RVExcel has been the easiest and the fastest to deploy excel analytic package I’ve ever used, I look forward to each release as it continues to expand its feature set, week in and week out."