Fairmat

Fairmat is a free-of-charge multi-platform software that allows to model financial contracts (e.g. a derivative contract) or projects with many contingencies (e.g. a Real Options model) by decomposing it into basic parts. Complex structures and dependencies are modeled using a graphical interface. Virtually any payoff function can be written using a simple algebraic language.

Fairmat is available for Linux, Microsoft Windows and Mac OS X.

Features

• Fairmat provides a high level of abstraction and allows users to price and perform analysis for new derivative contracts or project by modeling it with a bottom-up procedure, with no knowledge of programming languages. The generated models can then be solved by using Monte Carlo simulation , binomial trees or closed form procedures (e.g the black model).
• The information about the structure of every project model is contained in an xml file and can be exchanged with third parties.
• Fairmat's capabilities can be extended and specialized by plug-ins using the Mono.addins extensibility model.