FINCAD, the trusted provider of derivative pricing and analytics, and Sky Road, a leading provider of Software-as-a-Service solutions to the financial services industry, today announced their agreement to incorporate FINCAD Analytics into Sky Road’s Motion application platform.
Launched in November 2010, Motion is a framework that allows for the rapid assembly of custom hosted financial applications by leveraging core building blocks including Market Data, Security Master, Connectivity, and Analytics. Motion applications have been implemented in areas such as order management systems (OMS), custom reporting, interest rate swap brokerage, and energy analytics.
“Our clients trade a wide range of both vanilla and exotic instruments. In order to meet these diverse needs, using an industry standard and a comprehensive pricing library were absolute requirements for the analytics component of our platform,” said John Borse, founder and president, Sky Road. “We chose FINCAD because it provides a robust and extensive derivative analytics library. This strategic partnership reflects our commitment to supporting evolving market requirements.”
FINCAD Analytics is the leading software for valuing and measuring financial securities’ and derivatives’ risk. As the industry standard, FINCAD supports the latest market practices, such as Overnight Indexed Swap (OIS) curves and provides the ability to verify and validate valuations across asset classes.
“We are pleased that Sky Road has joined the FINCAD Alliance Program and decided to use FINCAD’s transparent and trusted analytics that are so critical to the successful execution of trading strategies,” said Amar Budhiraja, director, FINCAD Alliance Program.
