December 2007

Announcements

What’s New in FINCAD Analytics Version 11 – Just Released!

Accurate Risk Measurements. Greater usability. Increased Flexibility. Easier to Use than Ever Before.

FINCAD Opens Sales & Client Services Centre in Europe

FINCAD a global leader in financial analytics software and services opened its Sales & Client Services Centre in Ireland continuing its international expansion and commitment to customer service.
» FINCAD Europe

Announcing Winners of the iPod Nanos

Thank you to those who entered the draws for the iPod nano at the RISK USA and Charles River User Conferences. The winners are:
William Chan, Vice President, Risk Management, Paloma Partners
David Record, Vice President, Investment Services, Evergreen Investments

Congratulations!

Spotlight Articles

Calibrating financial models using differential evolution

FINCAD now offers a powerful differential evolution algorithm for the calibration of financial models in Version 11. The newly introduced differential evolution algorithm is virtually guaranteed to find the model parameters that lead to the best description of available market data.
» Learn how to calibrate financial models.

The Heston Model of Stochastic Volatility: Fast Option Pricing and Accurate Calibration

FINCAD now offers support for calibrating the Heston model of stochastic volatility, and for pricing European options, variance and volatility swaps within this model. The FINCAD functions introduced in Version 11 allow fast pricing of European options, variance and volatility swaps, necessary for calibration routines; the calibration itself; calculation of the Greeks, including sensitivities to the Heston model parameters; and calculation of the implied volatility surface for a given set of such parameters.

Featured Instrument

Pricing of Automatic Redemption Instruments with FINCAD

With FINCAD version 11, users now can value a wide range of instruments that have AR (Automatic Redemption) features using LMM Monte Carlo with local volatility. In the process of pricing, FINCAD also now offers a more comprehensive check on the quality of calibration, making the procedure more transparent.
» Learn how to Price AR Instruments

Featured Tip

Usability Enhancements in FINCAD XL Version 11

Along with many new functions and workbooks that have been created across multiple asset classes, there have been usability upgrades made to make FINCAD XL even easier to use.
» Check out new upgrades

Developer's Corner

New Visual Studio 2005 Add-in is available in FINCAD Developer v11

It is faster than ever before to develop applications using FINCAD Developer because of the new Add-in feature.
» Visual Studio Add-in