Press Releases
ICAP and FINCAD Provide Enhanced Solution for Transparent Derivatives Valuations
Fair Value Insight addresses market need for automated and cost-effective independent valuations
London, New York, and Vancouver - October 5, 2009
ICAP (IAP.L), the world's leading interdealer broker, and FINCAD, the leading global provider of financial analytics, announced today enhancements to their web-based derivatives valuation solution, Fair Value Insight. The most recent release of Fair Value Insight now enables users to directly upload market data and trades into the system.
Fair Value Insight, built on FINCAD's industry standard analytics and integrated with ICAP's unrivaled market data, provides an online, cost-effective and transparent independent derivatives valuation solution. The new functionality allows users to upload their own curves as well as FX rate groups, spot rates and historical volatilities used to price FX options and FX option strategy trades. The ability to upload trade details directly into the system provides significant time savings for users with large portfolios.
"With the current spotlight on financial reporting, our clients are faced with an increasing demand for solutions that provide accurate and automated visibility into derivatives valuations," says Bob Park, president and CEO, FINCAD. "We're dedicated to continuously improving our solutions to meet these needs through innovative technology that offers fully transparent independent valuations, while saving time and resources."
Fair Value Insight enables corporate treasuries, banks, asset management firms and other financial and non-financial institutions to value interest rate, FX, commodities, OTC derivatives, and debt securities.
About ICAP
ICAP is the world's premier voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The Group is active in the wholesale markets in interest rates, credit, commodities, foreign exchange and equity derivatives. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.
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.
Media Contacts:
Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
