LONDON, NEW YORK and VANCOUVER, British Columbia, August 25, 2010 /PRNewswire/ -- FINCAD, the leading global provider of financial analytics, and ICAP (IAP.L), the world's premier interdealer broker and provider of post trade services, now offer data for additional Middle Eastern countries in FINCAD Market Data. Due to client demands for help in pricing Middle East denominated financial contracts, FINCAD Market Data now includes jurisdictional coverage for the Saudi Riyal, United Arab Emirates Dirham and Israeli Shekel.
The recent addition of this market data is a reflection of the demand we are getting from clients who are dealing with the Middle East, said Bob Park, President and CEO, FINCAD. This allows our clients to now price their financial instruments using the same trusted analytics they have been using for all of their other currencies.
FINCAD Market Data, a joint offering from FINCAD and ICAP, provides current and historical end-of-day market data to support virtually all of the functions and workbooks in FINCAD Analytics Suite for Excel and supplies all of the market data for Fair Value Insight. The data is updated daily to provide finance professionals worldwide with the most accurate information for valuations, tracking, risk management and more. FINCAD Market Data provides end-of-day market data for most datasets back to December 31, 1999 offered at a fraction of the cost of real-time data.
For more information go to: http://www.fincad.com/marketdata
About FINCAD
Founded in 1990, FINCAD 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 ICAP
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to http://www.icap.com
Media Contact: Sarah Quon Direct: +1-604-831-9599 Email: pr@fincad.com
SOURCE: FINCAD
CONTACT: Sarah Quon of FINCAD, +1-604-831-9599, pr@fincad.com
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