FINCAD Ranked Leader of Independent Pricing & Risk Analytics in New Celent Report

Vancouver, BC - 12 May 2009

In a recent report on the derivatives and structured product pricing industry from Celent, an independent analyst firm, FINCAD was identified as a leading vendor in terms of advanced features and technology in independent pricing and risk analytics.

According to the report, in the current post-crisis period of financial reform there is an unprecedented level of scrutiny and requirements for firms to show procedural consistency with a need for disclosure and valuation methodologies as key starting points for restoring confidence in structured finance markets.

The report states that “FINCAD has continued to strengthen its analytics across multiple asset classes and now has enhanced capabilities to support cross-asset pricing for structured products. FINCAD particularly stands out not only in terms of having a broad asset class coverage for its pricing libraries, but also significant ISV partners that embed its models and tools in their applications, therefore enabling clients to gain more consistent access to its models in third party applications.”

“In today’s evolving market, significant changes are underway due to market volatility, threats to liquidity, counterparty and operational risks, and regulatory pressures. Market participants are now required to re-examine approaches to measuring and mitigating their risks,” said Bob Park, president and CEO, FINCAD. “The results of the Celent report are further affirmation of FINCAD’s commitment to providing our clients with a comprehensive derivative valuation solution that meet their needs for transparency, risk measurement, independent valuation and regulatory compliance.”

The report, Pricing Solutions for OTC Derivatives and Structured Products – Evaluating the Vendor Market, examines eight vendors that deliver pricing solutions that can strengthen an organization’s efforts for reform. The report is available to Celent subscribers.

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