Sky Road Selects FINCAD Analytics for Sky Road Motion Platform

VANCOUVER, British Columbia and CHICAGO, Dec. 14, 2010 /PRNewswire/ -- FINCAD, the trusted provider of derivative pricing and analytics, and Sky Road, a leading provider of Software-as-a-Service solutions to the financial services industry, today announced their agreement to incorporate FINCAD Analytics into Sky Road's Motion application platform.

Launched in November 2010, Motion is a framework that allows for the rapid assembly of custom hosted financial applications by leveraging core building blocks including Market Data, Security Master, Connectivity, and Analytics. Motion applications have been implemented in areas such as order management systems (OMS), custom reporting, interest rate swap brokerage, and energy analytics.

"Our clients trade a wide range of both vanilla and exotic instruments. In order to meet these diverse needs, using an industry standard and a comprehensive pricing library were absolute requirements for the analytics component of our platform," said John Borse, Founder and President, Sky Road.  "We chose FINCAD because it provides a robust and extensive derivative analytics library. This strategic partnership reflects our commitment to supporting evolving market requirements."  

FINCAD Analytics is the leading software for valuing and measuring financial securities and derivatives risk.  As the industry standard, FINCAD supports the latest market practices, such as Overnight Indexed Swap (OIS) curves and provides the ability to verify and validate valuations across asset classes.

"We are pleased that Sky Road has joined the FINCAD Alliance Program and decided to use FINCAD's transparent and trusted analytics that are so critical to the successful execution of trading strategies," said Amar Budhiraja, Director, FINCAD Alliance Program.  

About FINCAD

Founded in 1990, FINCAD (www.fincad.com) provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 4,000 organizations in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions.  

About Sky Road LLC

Sky Road LLC (www.skyroadasp.com) is a leading Software-as-a-Service solutions provider to the financial community. Sky Road has the unique ability to customize solutions to the needs of its clients. Sky Road Motion, an integrated technology solution, provides firms trading sophisticated cross-asset strategies with front to back office functionality, custom order management, customer reporting, market data integration, prime broker and fund administrator connectivity, and infrastructure for disaster recovery.  Sky Road partners with leading global software and market data vendors and has clients ranging from start-up hedge funds to multi-billion dollar institutions.

SOURCE FINCAD

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