# Derivative Path

> Derivative Path combines cloud software and capital markets advisory to help banks, credit unions, investment managers, and corporations manage interest rate, foreign exchange, and commodity risk. Its DerivativeEDGE platform connects pricing, trade management, hedge accounting, compliance, and international payments; the company reports more than 300 client contracts.

- **Founded:** 2013
- **Headquarters:** Walnut Creek, United States
- **Founders:** Pradeep Bhatia (Co-founder and Chief Executive Officer), John Fleming (Co-founder and Chief Operating Officer), Frank Purnell (Co-founder and Chief Innovation Officer), Zack Nagelberg (Co-founder and President), Steve Hawk (Historical co-founder and co-CEO, identified in Wellfound records)
- **Products:** DerivativeEDGE, Risk Dashboard, ALM Strategy Builder, International Payments, Hedge Accounting
- **Notable:** Raised $35 million from FTV Capital in June 2020 after seven years of founder-funded development., Acquired commercial debt management platform Monetics in March 2021., Named Best Cloud Provider to the Sell Side in the 2025 WatersTechnology Sell-Side Technology Awards.

## Products & services

- **DerivativeEDGE** — Cloud-native system of record for interest rate, FX, and commodity derivatives, combining pre-trade pricing, trade lifecycle management, risk analytics, accounting, and compliance.
- **Risk Dashboard** — Portfolio-level market risk and hedge visualization for alternative investment managers, with reporting by currency, fund, deal, or asset class.
- **ALM Strategy Builder** — Standalone subscription for banks and credit unions to model, stress-test, compare, and present hedging strategies; includes an AI assistant.
- **International Payments** — B2B FX pricing, payment initiation, tracking, and banking integration with liquidity and infrastructure partners.
- **Hedge Accounting** — Software and specialist support for ASC 815 documentation, effectiveness testing, designation memoranda, and journal entries.
- **Advisory Services** — Hedging policy, program design, risk management, trade execution support, operations, sales support, and hedge accounting.

## Achievements

- Raised $35 million from FTV Capital in June 2020 after seven years of founder-funded development.
- Acquired commercial debt management platform Monetics in March 2021.
- Named Best Cloud Provider to the Sell Side in the 2025 WatersTechnology Sell-Side Technology Awards.
- Won Best as-a-Service Solution at the 2025 BankingTech Awards USA.
- Reports more than 300 client contracts on its homepage.

## Latest updates

- **2026-05** — Launched ALM Strategy Builder as a standalone subscription for bank and credit union hedge modeling.
- **2026-04** — Announced Baton Systems partnership for FX payments and nostro management.
- **2026-03** — Announced FirstBank live on FX payments connected through Jack Henry Treasury Management and powered by Wells Fargo.
- **2026-02** — Promoted co-founder Zack Nagelberg to President; separately announced CloudMargin integration partnership.
- **2025-11** — Frost Bank implemented DerivativeEDGE for OTC derivatives, initially commodities and interest rates.

## Links

- Website: https://derivativepath.com/
- LinkedIn: https://www.linkedin.com/company/derivative-path
- Twitter/X: https://x.com/DerivativePath
- YouTube: https://www.youtube.com/@derivativepath
- Instagram: https://www.instagram.com/derivative_path/
- Facebook: https://www.facebook.com/DerivativePath

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Profile page: https://yespress.io/derivative-path
Published by YesPress — https://yespress.io
Last updated: 2026-10-25