âThe launch of our Structured Product Suite is a response to our customersâ need for better pricing and risk management in this rapidly growing asset class,â said Jan Mayle, Senior Managing Director, BondDesk Group. âWe continue to raise the bar for the most stable and robust quantitative solutions in fixed-income, derivatives, asset securitization and risk management.â
With its new offering, TechHackers expects to capitalize on the rising tide of structured products. According to the Structured Products Association sales have grown by nearly five-fold from $23 billion in 2003 to $114 billion in 2007. TechHackers @NALYST uses over 1,400 financial functions derived from its respected QuantTools Analytics Libraries.
The new Structured Products Suite is designed for the demanding analytic needs of structurers, traders, liaison traders, portfolio managers and analysts at issuing firms, distributors, and buy-side firms to determine accurate pricing and risk of the most common types of retail and institutional structured products. Utilizing TechHackers Excel Add-ins for curve building and Vanilla and Exotic Options (Asian and Barrier), the new suite breaks down and values the fixed income and options components embedded in the structure.
Other top features include:
â¢ The Reverse Convertible workbook with powerful functions indicating values for barrier breach/no breach situations, scenario analysis, and historical stock price charts versus the barrier and strike.
â¢ All @NALYST spreadsheets are designed to work for new issues as well as secondary market levels. Diagrams charting the purchaserâs payoff at maturity as a function of the underlying asset or basket are offered on most spreadsheets.
â¢ Users can tailor spreadsheets to individual product offerings with parameterized values for dates, participation rates, caps, buffers, etc.
â¢ The Suite is designed to accommodate underlying indices and baskets in currencies, equities (including Quanto payoffs), commodities, etc.
TechHackers can handle a variety of Structures including:
â¢ Absolute Return Principle Protected
â¢ Buffered Enhanced Return
â¢ Capped Enhanced Return
â¢ Contingent Protection
â¢ Contingent Protection Quanto
â¢ Dual Directional
â¢ Reverse Convertibles
â¢ Uncapped Principle Protected