Fairmat
Financial software
title: "Fairmat" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-software"] description: "Financial software" topic_path: "general/financial-software" source: "https://en.wikipedia.org/wiki/Fairmat" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Financial software ::
::data[format=table title="Infobox software"]
| Field | Value |
|---|---|
| name | Fairmat |
| logo | Fairmatlogosmall.png |
| screenshot | FairmatLinuxScreenShot.jpg |
| screenshot size | 250px |
| caption | Fairmat Academic |
| developer | Fairmat SRL |
| latest_release_version | 1.6.0 (1.6.0-743) |
| latest_release_date | |
| operating_system | Windows Linux Mac OS X |
| genre | Financial modeling software |
| license | Free for personal and academic use, commercial for companies. The software uses a proprietary license |
| website | www.fairmat.com |
| :: |
|name = Fairmat |logo = Fairmatlogosmall.png |screenshot = FairmatLinuxScreenShot.jpg |screenshot size = 250px |caption = Fairmat Academic |developer = Fairmat SRL |latest_release_version = 1.6.0 (1.6.0-743) |latest_release_date = |operating_system = Windows Linux Mac OS X |genre = Financial modeling software |license = Free for personal and academic use, commercial for companies. The software uses a proprietary license |website = www.fairmat.com
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 modelled using a graphical interface. Virtually any pay-off function and asset class( from interest rate derivatives to equity-linked notes) can be described using a simple algebraic language.
Fairmat is available for Linux, Microsoft Windows, Mac OS X and Ubuntuhttps://apps.ubuntu.com/cat/applications/fairmat-academic/.
Features
- Fairmat provides a high level abstraction and allows users to price and perform analysis for new derivative contracts or project by modelling 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 capabilities can be extended and specialized by plug-ins using the Mono.addins extensibility model. Available plug-ins can be found on http://www.fairmat.com/plugins , and while few of the plug-ins are closed source software, many of them are open source and their development can be followed on the Fairmat github page.
Open Source Plug-ins
The following plug-ins are released under the LGPL license:
Interest rate models
- The Hull and White one and two factors models.
- The Pelsser squared gaussian model plug-in .
Equity models
- The Heston stochastic volatility model plug-in .
- The Dupire local volatility model plug-in .
- The Variance Gamma model plug-in.
Data Provider integration
- Integration plug-ins for data from the European Central Bank http://www.fairmat.com/plugins/view/european-central-bank-integration , Yahoo! Finance http://www.fairmat.com/plugins/view/yahoo-finance-integration , and MEFF http://www.fairmat.com/plugins/view/meff-integration
Other open source plug-ins
- Quantum random generator support: the plug-in uses a web service provided by the university of Berlin. For more details see http://www.fairmat.com/plugins/documentation/qrng-uniberlin.
Free plug-ins
Among the other, the following plug-in are free:
- The IAS 39 Hedge Accounting plug-in allows users to generate IAS 39 accounting reports for derivatives http://www.fairmat.com/plugins/documentation/ias-39-hedge-accounting .
- The Geometric Brownian Motion plug-in implements the calibration of the Geometric Brownian motion model using different techniques https://www.fairmat.com/plugins/view/geometric-brownian-motion .
Commercial plug-ins
- The Economic Scenarios Generator plug-in generates market consistent risk-neutral and real-world economic scenarios for several asset classes such as zero coupon bonds (ZCB), Inflation Rates, defaultable bonds / credit spreads and baskets of equities and indices https://www.fairmat.com/plugins/view/economic-scenarios-generator
Related services
From version 1.4 Fairmat supports an on-demand data pricing service offered by the same producers.
::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::