Accurate risk calculations, comprehensive coverage, independent
valuation, and ease-of-use help firms make accurate decisions to minimize
VANCOUVER, British Columbia, Dec. 4 /CNW/ -- FINCAD, the industry
standard for financial analytics, has released Version 11 of its analytic
software with significant enhancements to both coverage and functionality.
This eagerly anticipated release is one of the biggest in FINCAD history.
Version 11 addresses the need for new and more accurate means to independently
value and assess the risk of financial securities and derivatives. Derivatives
users will experience superior pricing and risk measurement capabilities, new
valuation models, and faster calculations.
Derivative users will immediately benefit from the following:
-- Flexibility that allows the pricing of any bond using a single function
-- New swap and bond portfolio functions that aggregate cash flows and
-- Enhanced risk analysis with a single function call that outputs
multiple spread curves
-- Ability to easily price various target redemption notes (TARN)
-- Calibration of interest rate models using a differential evolution
algorithm for more accurate results
-- Stochastic volatility (Heston model) for pricing options and volatility
-- Enhanced user interface for developers programming using Visual Studio
2005 to reduce development time
-- New sensitivity analysis tools that help perform scenario analysis on
-- New and improved workbook solutions, including a new key rate risk
Jack McKeown, Director of Product Management at FINCAD, believes that
"FINCAD Version 11 makes it easy to value derivatives from plain vanilla
instruments to the exotics. Our clients demand deep coverage and accuracy, and
this release demonstrates our commitment to provide derivative users the
ability to keep pace with financial innovation. We have made it tremendously
easy for our clients by adding new productivity-enhancing features, such as
new workbooks and Visual Studio integration."
Version 11 analytics are available through toolkit products, FINCAD XL, a
Microsoft Excel add-in, and through FINCAD Developer, a Software Development
Kit (SDK). FINCAD Developer allows financial system developers to embed FINCAD
analytics within their software applications to enhance time-to-market, lower
technology risks and increase transparency. Version 11 of FINCAD Developer
includes integration with Visual Studio to improve productivity and save
valuable development time.
You can download Version 11 from http://www.fincad.com. For more
information, contact a FINCAD representative at 1.800.304.0702 (Americas),
Founded in 1990, FINCAD is the leader in providing consistent and
accurate industry standard financial analytics to the global financial
community. FINCAD analytics are used by more than 25,000 professionals in over
70 countries and comply with governmental regulations.
FINCAD offers flexible solutions with comprehensive asset class coverage
for fixed income, interest rates, credit, inflation, foreign exchange,
equities, convertible and municipal bonds, and mortgage-backed securities.
Tracey Ho Sui
For further information:
For further information: Tracey Ho Sui of FINCAD, +1-604-957-1222,
firstname.lastname@example.org Web Site: http://www.fincad.com