Latest Release of FINCAD Analytics Suite Boasts Important Bond, FX Option and Swap Enhancements
Vancouver, Dublin – November 28th, 2012
FINCAD, the leading provider of OTC derivatives solutions, announced today the latest release of its cross-asset derivatives analytics library, FINCAD Analytics Suite 2013. This new version includes market consistent FX option pricing using the Vanna-Volga method, enhanced interest rate swap and bond functionality, as well as usability and performance improvements. These upgrades were made in response to customer feedback and the market need for accurate, transparent and reliable valuations and risk measurements.
Regulations, tighter margins, and the market trend towards greater transparency have escalated the requirement for accuracy and insight into all derivative calculations. Asset managers, banks, hedge funds and corporations alike are under increasing pressure to better manage and report on all aspects of their derivatives. FINCAD attributes its technological advancements to an interactive customer base and strong industry network, which enables the Company to recognize changing market demands and provide current and market consistent methodologies and analytics. With over 4000 organizations using FINCAD since 1990, the latest version of FINCAD Analytics Suite reinforces FINCAD's reputation for producing quality, market-tested analytics.
"Our focus on our customers is what drives us to continually improve the functionality of FINCAD Analytics Suite. Their needs change, whether its regulations or market pressures, and we recognize that we need to stay ahead," says Bob Park, CEO and President, FINCAD. "The market is complex, but FINCAD Analytics Suite was designed to be easy-to-use without compromising accuracy and reliability. We've been in business for more than 20 years and our analytics continue to meet the changing demands of the market."
"With even simple instruments and investments taking on a new level of complexity in the market and regulatory pressures only increasing, the derivatives market continues to change rapidly," says, CEB TowerGroup senior research director Dushyant Shahrawat. "Dodd-Frank and federal stress tests combined with tighter margin requirements continue to plague financial participants; and technology must evolve continuously to meet the needs for accuracy and transparency."
FINCAD Analytics Suite is a leading software solution that values and measures risk of financial securities and derivatives. As the industry standard, FINCAD Analytics Suite provides finance professionals with the ability to verify and validate every aspect of a valuation across multiple asset classes. The software is available as a Microsoft® Excel-based solution for end users and as a software development kit for embedding FINCAD's analytics into financial software.
For more information about FINCAD Analytics Suite 2013, visit www.fincad.com/2013.
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. www.fincad.com