FINCAD, a provider of OTC derivatives solutions, have announced the latest release of its cross-asset derivatives analytics library, FINCAD Analytics Suite 2013. This new version includes market consistent FX option pricing using the Vanna-Volga method, enhanced interest rate swap and bond functionality, as well as usability and performance improvements. These upgrades were made in response to customer feedback and the market need for accurate, transparent and reliable valuations and risk measurements.

Regulations, tighter margins, and the market trend towards greater transparency have increased the requirement for accuracy and insight into all derivative calculations. Asset managers, banks, hedge funds and corporations are under increasing pressure to improve management and reporting on all aspects of their derivatives.

FINCAD Analytics Suite measures risk of financial securities and derivatives. As the industry standard, FINCAD Analytics Suite provides finance professionals with the ability to verify and validate every aspect of a valuation across multiple asset classes. The software is available as a Microsoft® Excel-based solution for end users and as a software-development kit for embedding FINCAD's analytics into financial software.