Expanding Derivatives Markets Drive Rapid Growth at FINCAD

VANCOUVER, BC, CANADA, March 20, 2006 – Growing use of derivatives is driving demand for FINCAD software and online services that is causing the company to expand its employee count by more than 30% in 2006. That follows 50% growth last year, the company announced today.

Three major business drivers are pushing demand for FINCAD’s offerings, according to a company spokeswoman. “New regulations that require greater transparency in derivatives valuation, continued growth of hedge fund firms and the increased complexity of derivatives themselves are creating new demands for our products and services,” explained Tamara Jacobs, the company’s Marketing Manager. “That increased complexity is making it more costly and time consuming for banks, hedge funds and others to build their own sophisticated financial analytics so they are turning to FINCAD for our industry standard solutions,” she added.

FINCAD is in the midst of expanding its teams in all areas of the firm. To attract top talent FINCAD continually strives to build a vibrant corporate culture that rewards talented staff for excellence, efficiency, hard work and creativity in delivering results. Nancy Petersen, CFO said that “FINCAD promotes continuous learning in a stimulating environment that encourages teamwork, honesty and integrity. FINCAD’s core values put customers first by delivering results they can depend on.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development