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.”
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.
