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Charles River Chooses FINCAD® Analytics

VANCOUVER BC, CANADA November 21, 2005 - Charles River Development, a leading provider of financial software and services to the global investment management community, has chosen FINCAD® to supply global financial analytics for its Charles River Investment Management System (Charles River IMS).

"We chose FINCAD® Analytics because of its comprehensive asset class coverage and ability to meet the needs of our global client base," said Rick Enfield, director of product management at Charles River Development. "The FINCAD library matches very well with our clients' current needs, supporting their valuation and risk management of financial securities and derivatives. In addition, we are confident that FINCAD will continually expand their instrument coverage in step with client demand."

Bill Stewart, director of the FINCAD Alliance Program remarked, "I think this collaboration demonstrates how FINCAD, and more specifically, the FINCAD Alliance Program can give system developers a flexible partner, ensuring that their current and future analytics needs are met. We are pleased to supply Charles River with analytics and plan to deliver future enhancements to our product that will help them better serve their end user clients."

Visit www.fincad.com to download a free 7-day trial version of FINCAD Developer, a financial analytics library containing over 1,400 financial functions used for valuing and measuring the risk of financial securities and derivatives.

About Charles River

Charles River Development is a market-leading provider of software and services to 185 investment managers in the global mutual fund, banking, pension, hedge fund, wealth management, and insurance industries. The Charles River Investment Management System is a comprehensive front- and middle-office software suite for all security types that includes Charles River Manager for portfolio management and modelling; Charles River Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; and Charles River Settlements for centralized post-trade processing. The system incorporates real-time FIX trading via the Charles River Network, a reliable, secure, private financial network.

Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Charles River combined state-of-the-art (Java, Microsoft .NET and Web services) and industry- standard technologies to ensure Charles River IMS is open, flexible, scalable, functionally rich, and easy-to-use. Message-based APIs and exposed Web services facilitate rapid systems integration.

The company offers many services to complement its software including implementation services and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, Paris, and Singapore.

Disclaimer

Your use of the information in this article is at your own risk. The information in this article is provided on an "as is" basis and without any representation, obligation, or warranty from FINCAD of any kind, whether express or implied. We hope that such information will assist you, but it should not be used or relied upon as a substitute for your own independent research.

For more information or a customized demonstration of the software, contact a FINCAD Representative.