Press Releases
FINCAD Announces the Launch of FINCAD Market Data
Vancouver, BC, Canada July 25, 2008
FINCAD announces the launch of FINCAD Market Data, addressing an important need in the industry. FINCAD has provided industry-standard analytics to financial professionals since 1990 with FINCAD XL, and now offers a fully-integrated solution with financial analytics and market data to support virtually all of the functions in FINCAD XL.
FINCAD Market Data is already integrated with the latest version of FINCAD XL. This means users won't need to maintain or integrate separate market data processing systems and software. FINCAD Market Data collects, verifies, and stores market data from the world's major exchanges and OTC markets every day. Current and historical data are available to support valuations back to December 1999.
"Industry challenges are increasing due to new regulatory requirements, changing accounting standards and the need for transparency," said Jack McKeown, FINCAD's Director of Product Management. “And it's happening quickly. Today's financial markets demand independent, trusted valuations and risk measures. These are busy professionals so the ability to get reliable, accurate market data with a click of a button is critical."
FINCAD Market Data addresses these issues. It provides comprehensive coverage, fully integrated with the latest version of FINCAD XL. Curves are built using FINCAD's analytics, which saves time and effort associated with working with raw data. Calculation methods and data types are also available for review through a web interface to provide full transparency.
"Combine FINCAD Market Data with FINCAD XL - one of the most open and comprehensively documented solutions available - and you have complete transparency into the numbers," McKeown added.
"Valuing a derivative requires financial analytics, market data, and user inputs. We have been providing analytics and market data for years," said Robert Park, CEO of FINCAD. "FINCAD Market Data now delivers a more complete solution to our customers in a way that makes it easier for them to assess their positions and manage their portfolios with FINCAD XL."
Learn more about FINCAD Market Data.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that is essential for banks, hedge funds, corporate treasuries and asset management firms. FINCAD's industry standard financial analytics are a key component in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries.
Media Contact:
Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
