FINCAD Announces the Launch of FINCAD Market Data

Vancouver - 27 July 2008

FINCAD announces the launch of FINCAD Market Data, addressing an important need in the industry for valuation and risk analytics combined with market data. FINCAD has provided industry-standard analytics to financial professionals since 1990, and now offers a fully-integrated solution with financial analytics and market data to support virtually all FINCAD XL functions.

FINCAD Market Data is already integrated with the latest version of FINCAD XL. This means users won’t need to maintain or integrate separate market data processing systems and software. Licensed users can access FINCAD Market Data from anywhere using the Internet.

FINCAD Market Data collects, verifies, and stores market data from the world’s major exchanges and OTC markets every day. Current and historical data is available to support valuations back to December 1999.

“Industry challenges are increasing due to the need for pricing transparency,” said Jack McKeown, Director of Product Management at FINCAD. “And it's happening quickly. Today’s financial markets demand independent, trusted valuations and risk measures. These are busy professionals so the ability to get reliable, accurate end-of-day market data with a click of a button is critical.”

FINCAD Market Data addresses these issues. It provides comprehensive coverage, fully integrated with the latest version of FINCAD XL. Curves are built using FINCAD's analytics, which saves time and effort associated with working with raw data. Calculation methods are also available through a web interface to provide full transparency.

“Combine FINCAD Market Data with FINCAD XL - one of the most open and comprehensively documented solutions available - and you have complete transparency into the calculated values,” McKeown added.

“Valuing a derivative requires financial analytics, market data, and user inputs,” said Robert Park, CEO of FINCAD. “FINCAD Market Data now delivers a more complete solution to our customers in a way that makes it easier for them to assess their positions and manage their portfolios with FINCAD XL.”

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