abc Multiactive (Hong Kong) Ltd. Joins FINCAD Channel Program for Hong Kong

Hong Kong and Vancouver, BC - 30 May 2012

FINCAD, the market leader for innovative OTC derivatives solutions, announced today that abc Multiactive (Hong Kong) Ltd., a leading Hong Kong based financial technology solutions provider, has joined the FINCAD Channel Program as a Channel Partner in Hong Kong. abc Multiactive will be providing local sales and support services for FINCAD products in Hong Kong.

Established in 1978, abc Multiactive, has been providing financial technology solutions for securities, futures and exchange-traded instruments to brokerages and securities divisions of local and international banks in Hong Kong for 31 years. The company has over 150 customers in Hong Kong, China and Taiwan and provides award winning Front Office and Back Office STP systems and modules to enable scalable, reliable and flexible technology solutions that allow their clients to react efficiently and easily to the rapidly changing and increasingly complex financial markets. In addition to selling FINCAD software, abc Multiactive will be providing customer support and professional services for FINCAD clients in Hong Kong.

“Having abc Multiactive as a channel partner in Hong Kong will greatly assist us in serving our clients in this region," commented Amar Budhiraja, Director of Strategic Business Development at FINCAD. “Their extensive history of providing award winning financial technology solutions to the capital markets and their knowledge of the local market made them an excellent addition to the FINCAD Channel Program.”

“With the complementary strengths of abc Multiactive and FINCAD, we can assist banks, brokerage firms and investment banks to develop effective risk analytics and risk management solutions, and help these organizations in Hong Kong find success with their use of derivatives,” said Anthony Tsao, Chief Technology Officer from abc Multiactive. “FINCAD has been providing derivatives software for more than 20 years and work with most leading financial institutions globally. Their products are thoroughly market tested and their experience and global customer base lends itself well to a Hong Kong market that is witnessing more risk control requirements.”

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