This partnership will allow FINCAD's clients in Latin America to leverage DerivActiv's local expertise in providing valuation, hedge accounting, and consulting services around their use of FINCAD software.

DerivActiv's relationship with FINCAD is multi-fold -- the services firm will use FINCAD Analytics internally for model validation as well as coding decisions. Additionally, in the Latin American market, DerivActiv will use FINCAD solutions to help finance professionals manage their derivatives risk and enable their clients to make better and more informed decisions.

According to Lewis Gade, Senior Vice President of Sales, DerivActiv, "When looking for a partner one cannot compromise on quality or character. We chose FINCAD as a partner because of the functionality of its products (including extensive pricing libraries), as well as its professional support staff. Combining the talents of our quantitative analysts, existing pricing systems, and FINCAD software, we are able to offer fully customizable solutions to our clients."

"As an emerging market, the Latin American market for derivatives is rapidly expanding and becoming increasingly complex, bringing with it the need for more sophisticated risk solutions. We are very pleased to have DerivActiv join the FINCAD Alliance Program," says Amar Budhiraja, Director, FINCAD Alliance Program. "DerivActiv's specialization in, and knowledge of the Latin American markets will greatly assist us in serving clients in this region."