London, 9th March 2004 - Financial Tradeware plc, provider of portfolio and fund management Straight Through Processing (STP) solutions, today announced the launch of a series of new services for investment managers and hedge funds.
These new services: Level Forecasting for Index Futures listed on major International exchanges, Beta Forecasting for Equities and Stocks' Touchstone ratio analysis, are easily accessible via a secure website.
The services will provide:
* A reliable forecast of the expected market movement, closing prices and high/lows
* Portfolio Risk Management tools
* Comparisons of portfolios against benchmarks
* Adherence and comparison within the portfolios' underlying strategies
* Allow traders to evaluate and compare different strategies
Level Forecasting provides the predicted closing price together with a precise trading range for Index Futures based upon market indicators, trading behaviour and patterns. Forecasts are calculated using a multivariate semi-parametric model for the price levels and volatility.
Beta Forecasting: Investment analysts use the Greek letter beta "_" to compare a stock's co-efficiency or market risk to other stocks and to the market as a whole. Beta measures a stock's volatility, the degree to which a stock price fluctuates in relation to the overall market. A beta of 1 indicates the security's price will move with the market. A beta greater than 1 indicates the security's price will be more volatile than the market, and a beat less than 1 means it will be less volatile than the market.
Stocks' Touchstone Analytics provides financial statistics and ratio analysis for listed stocks covering the Market Capitalisation, Revenues, Profit Margins and variety of Ratios (including ROI, ROE, ROC, ROA and others), for the different Security Types, Sectors, Industry Groups and Sub-groups quoted on for example: London, Paris, Milan, Euronext, Virt-x stock exchanges, others added on demand.
The service currently provides a statistical modelling and advisory product for forecasting closing and price variations for index futures and equities with continual enhancements and optimisation.
Financial Tradeware, the administrator of these services, is offering a free 30-day no-obligation trial. As the service operates within a secure environment, registration is required to authenticate and issue the free Personal Digital Certificate.
Alberto Fontana, Managing Director of Financial Tradeware comments: "Financial Tradeware is constantly searching for new and innovative methods of helping investment managers and hedge funds to more easily and efficiently run their businesses. The launch of our new service is part of our focus on providing support for the medium to small sized companies and we look forward to launching further services later this year."
The level and beta forecasting algorithmic model has been created by Mr. Alessio Sancetta PhD, Research Associate, University of Cambridge and fully supported by Financial Tradeware.