18 January 2018
visit http://response.ncr.com

Fincad upgrades analytics software

05 December 2007  |  1422 views  |  0 Source: FINCAD

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 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

  • 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.
  • Comments: (0)

    Comment on this story (membership required)

    Related blogs

    Create a blog about this story (membership required)
    visit www.vasco.comvisit www.fivedegrees.nlvisit www.capgemini.com

    Top topics

    Most viewed Most shared
    Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
    10446 views comments | 32 tweets | 36 linkedin
    Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
    10031 views comments | 17 tweets | 18 linkedin
    Exchanges call for global fintech standardsExchanges call for global fintech standard...
    9710 views comments | 17 tweets | 14 linkedin
    Wells Fargo to close 900 branchesWells Fargo to close 900 branches
    9613 views comments | 14 tweets | 16 linkedin
    KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
    9175 views comments | 17 tweets | 16 linkedin

    Featured job

    Competitive base + commission (double OTE)
    London, UK

    Find your next job