Accurate risk calculations, comprehensive coverage, independent third-party valuation, and ease-of-use help firms make accurate decisions to minimize risks.
VANCOUVER, British Columbia, Dec. 5 /Xinhua-PRNewswire/ -- 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.
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Derivative users will immediately benefit from the following:
Analytics
-- Flexibility that allows the pricing of any bond using a single
function
-- New swap and bond portfolio functions that aggregate cash flows and
risk statistics
-- 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 derivatives
Usability
-- Enhanced user interface for developers programming using Visual Studio
2005 to reduce development time
-- New sensitivity analysis tools that help perform scenario analysis on
demand
-- New and improved workbook solutions, including a new key rate risk
workbook
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), 00.800.304.07020 (Europe).
About FINCAD
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.
