FINCAD and Techila Partner to Enable Derivatives Analytics on Windows Azure Cloud Platform

SURREY, British Columbia - June 20, 2013 - PRLog -- The calculations for pricing derivatives and measuring risk are becoming increasingly complex under regulatory reform. Collateral requirements and capital charges will not only transform the industry, but they also change the day-to-day pricing of instruments and portfolios. In order to capitalize on these changes, derivatives traders need a flexible and highly accurate approach to risk measurement.

F3 from FINCAD is a leading-edge Enterprise Analytics platform, which offers ultimate flexibility to price and model any complex trade or portfolios. FINCAD's partnership with Techila Technologies, the developer of Techila High-Performance Computing middleware for distributed computing, have made the benefits of the power of the Windows Azure Cloud Platform by Microsoft available to F3 users securely, and without complexity. With the Techila middleware enabled, F3 users can benefit from unlimited scalability of computing performance that support their business needs.

"Techila, Microsoft and FINCAD are constantly listening to our users. We all want to empower our users in the environments which best suit their needs. F3 supports all the commonly used environments in the financial industry. This enables professionals to work in the most effective and efficient way. Now, when a financial expert needs full accuracy of results without waiting, Techila can power their analytics with the unlimited capacity of the Windows Azure cloud platform, securely and without complexity", says Tuomas Eerola, VP of Business Development, Techila Technologies.

"The increasing demand for flexibility and scalability of technology solutions is making cloud computing a compelling option for some of our customers. The partnership between FINCAD and Techila will offer those customers who are looking to leverage the full benefits of Windows cloud computing a leading-edge Enterprise Analytics platform", says Daniel Scott, VP of Marketing and Product Management at FINCAD.

F3 is available as a desktop solution in Excel, MATLAB and as a software development kit (SDK) with seamless integration between platforms and programming languages (C#, Java, and C++). The Techila middleware enables powering F3 with cloud capacity, without specialist skills. The patented architecture and the built-in security of the Techila solution provide superior ease of use.

For further information, please contact:
Daniel Scott
Vice-President, Marketing and Product Management
FINCAD
Tel: +1.604.957.1200
Email: d.scott@fincad.com

Tuomas Eerola
Vice President, Business Development
Techila Technologies
Tel: +358.50.336.7730
Email: tuomas.eerola@techilatechnologies.com

About Techila Technologies
Techila Technologies, a Finnish company established in 2006, is a provider of High Performance Computing (HPC) middleware solutions. Techila is the missing link between applications and the computing capacity of the Clouds, private or public. It enables applications to harness the infinite capacity of the Cloud quickly and easily. www.techilatechnologies.com (http://www.fincad.com/news-events/2013/www.techilatechnol...)

About FINCAD
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.www.fincad.com

Media Contact:
Kristina Lee
Direct: +1.778.999.8562
Email: pr@fincad.com