1.6.0 (1.6.0-743) / September 13, 2013
|Operating system||Windows Linux Mac OS X|
|Type||Financial modeling software|
|License||Free for personal and academic use, commercial for companies. The software uses a proprietary license|
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 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 , 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 Pelsser squared gaussian model plug-in.
Data Provider integration
Other open source plug-ins
Among the other, the following plug-in are free:
- 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 
From version 1.4 Fairmat supports an on-demand data pricing service offered by the same producers.