FINCAD to Deliver Advanced Financial Analytic Software to UK Market

London - 27 November 2007

FINCAD a global leader in financial analytics software and services has launched within the UK, allowing financial services organisations to evaluate the derivatives market, valued at over £75 trillion in EMEA.

With the fall-out from the US sub-prime mortgage crisis beginning to spread across the Atlantic, FINCAD's financial analytics will enable European organisations to better value and assess the financial risk of their financial derivatives.

FINCAD provides over 1,400 financial modelling products including commodities, convertible bonds, credit equity through to fixed income, foreign exchange, municipal bonds among others. FINCAD allows financial institutions to mitigate the impact of market uncertainty by having a far greater understanding of the consequences of their decisions.

Bob Park, Chief Executive Officer of FINCAD said, "The current crisis affecting world financial markets is a stark reminder of the inherent risks which expose companies and individuals to potentially catastrophic losses when critical information is absent, or when the quality of information available to investors is not carefully assessed. Businesses today are challenged by the need to harness the value of increasing amounts of data to make accurate decisions. FINCAD is firmly committed to working closely with the financial industry to help them assess their financial risk and fulfil their corporate governance obligations."

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