Press Releases
FINCAD Now Offers SIFMA Coverage
Enhancement simplifies valuation of SIFMA rate instruments
London, New York, Vancouver - January 19, 2010
ICAP (IAP.L), the world's premier interdealer broker and provider of post trade services, and FINCAD, the leading global provider of financial analytics, announced that SIFMA (Securities Industry and Financial Markets Association) Municipal Swap rates are now available in FINCAD Market Data. These SIFMA swap rates are required to value tax-free or municipal instruments.
Three new workbooks are now available for use with FINCAD Analytics Suite for Excel:
- Tax-Exempt Swap Curve (SIFMA Market Data Template)
- Tax-Exempt Swap Workbook (Vanilla or Amortizing)
- Tax-Exempt Swap Portfolio
All of these workbooks will import data from FINCAD Market Data with the click of a button.
FINCAD Market Data is a joint service provided by FINCAD and ICAP. The service collects, verifies, and stores market data from the world's major markets and exchanges daily. Most historical data is available to support valuations back to December 1999. Coverage includes interest rate curves, volatilities and spot FX data for multiple jurisdictions. Click for detailed information about FINCAD Market Data
"Today's dynamic markets demand that market data supplies constantly evolve," said Bob Park, President and CEO, FINCAD. "These workbooks, and their integration to a robust market data supply will save users, significant time and money both initially and on an ongoing basis."
Click for detailed information about FINCAD Analytics Suite workbooks or to request a trial.
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.
About ICAP
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. www.icap.com
Media Contact:
Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
