Press Releases

Harness UK LLP Selects FINCAD Analytics for Derivatives Valuations

FINCAD provides derivatives analytics to boutique hedge fund

Vancouver, London - September 29, 2009

FINCAD, a leading global provider of financial analytics, and Harness UK LLP, today announced that Harness Liquid Macro Fund has selected FINCAD Analytics to provide real time derivatives pricing and risk monitoring.

Harness uses FINCAD Analytics Suite for Excel as its primary desktop derivatives pricing solution for front office applications such as trade evaluation, risk monitoring of exchange traded options and OTC derivatives pricing. Harness is using FINCAD Analytics Suite for Excel on a daily basis for valuing interest rate swaps, calculating net present value, generating forward curves, and running scenario analyses.

"We primarily trade derivatives and needed a valuation solution that was not only accurate and reliable, but it also had to be very easy to use and implement on a desktop," says Jonathan Ratcliffe, Founding Partner and Chief Investment Officer, Harness. "FINCAD Analytics Suite for Excel was a logical choice for us. It provides us with comprehensive, customizable, and transparent analytics coverage."

"FINCAD is pleased to provide our hedge fund clients, such as Harness, with the robust derivatives valuations solutions that enable them to enter the market quickly and begin trading immediately, " says Bob Park, president and CEO, FINCAD. "Our analytics can be scaled to meet the future derivatives trading and risk management needs of our clients."

Please visit www.fincad.com to read a client case study on Harness Liquid Macro Fund.

About FINCAD

Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.

About Harness UK LLP

Harness UK LLP commenced operations as of April this year and runs the Harness Liquid Macro Fund and a series of FX accounts. Based out of London, the firm operates globally, trading mainly in G10 markets. Total assets under management are circa USD 2.4 billion.

Media Contacts:

Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com