CHARLES RIVER CHOOSES FINCAD Analytics

VANCOUVER BC, CANADA November 21, 2005 — Charles River Development, a leading provider of financial software and services to the global investment management community, has chosen FINCAD to supply global financial analytics for its Charles River Investment Management System (Charles River IMS).

"We chose FINCAD Analytics because of its comprehensive asset class coverage and ability to meet the needs of our global client base," said Rick Enfield, director of product management at Charles River Development. "The FINCAD library matches very well with our clients’ current needs, supporting their valuation and risk management of financial securities and derivatives. In addition, we are confident that FINCAD will continually expand their instrument coverage in step with client demand."

Bill Stewart, director of the FINCAD Alliance Program remarked, "I think this collaboration demonstrates how FINCAD, and more specifically, the FINCAD Alliance Program can give system developers a flexible partner, ensuring that their current and future analytics needs are met. We are pleased to supply Charles River with analytics and plan to deliver future enhancements to our product that will help them better serve their end user clients."

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