VANCOUVER and SINGAPORE, July 11, 2012 /PRNewswire/ -- FINCAD, the market leader for innovative OTC derivatives solutions, announced today that Maroon Analytics Pte Ltd, a Singapore-based professional services company specialising in the application of quantitative finance, has joined the FINCAD Channel Program as a Channel Partner and will be providing local sales, support and professional services to FINCAD's clients in Southeast Asia.
Maroon Analytics, founded in 2007, works with investment banks, hedge funds and sovereign wealth funds across Southeast Asia to implement innovative financial analytics that have a tangible P&L impact. Maroon Analytics has a deep experience of delivering front-office solutions across all asset-classes for leading financial institutions and has enabled their clients to more effectively price, trade and risk-manage their derivatives and structured products.
"We're very pleased to have Maroon Analytics as a FINCAD Channel Partner in Southeast Asia. Their vast experience servicing financial institutions in the region will help us better meet the needs of our clients and provide the expertise necessary to a growing market," said Amar Budhiraja, Director of the FINCAD Alliance Program.
"This is an exciting relationship for us," commented Richard Ayres, CEO of Maroon Analytics. "In the current economic climate, quant finance is increasingly essential for both businesses and financial institutions alike. FINCAD's long-standing history of providing quality analytics combined with our extensive experience of delivering applied financial engineering services will be of great benefit to FINCAD clients across Southeast Asia."
Dr. Randeep Gug, Head of Business for the Certificate in Quantitative Finance (http://www.cqf.com/) program at 7city Learning, remarked, "It's great to see a company like Maroon Analytics driving quant finance in Singapore. It's an area that is becoming increasingly important and their ability to leverage FINCAD's tools and expertise will be good for the finance industry across the region."
FINCAD provides a cross-section of products that can be accessed through Excel, MATLAB®, as a Software-as-a-Service or embedded into an existing system through software development kits. Financial professionals in the Southeast Asia region wanting to learn more about FINCAD can visit http://www.maroonanalytics.com.
About Maroon Analytics PTE Ltd
Maroon Analytics works with leading investment banks, hedge funds and sovereign wealth funds across Southeast Asia to implement innovative financial analytics that have a tangible P&L impact. The company enables its clients to more effectively price, trade and risk-manage their derivatives and structured products and, as a FINCAD partner, empowers them with the industry's leading tools for valuation and risk-reporting. Maroon Analytics has over 80 years of combined experience working directly with traders on trading floors in London, New York, Singapore and Hong Kong. Maroon represents FINCAD in Southeast Asia from its base in Singapore.
Direct: +65 6763 3952
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada.