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Sky Road Offers Fincad Analytics on its Motion Platform

Users now have access to derivatives analytics.

Sky Road, a provider of software-as-a-service solutions for financial services, today announced it will incorporate Fincad Analytics into Sky Road's Motion application platform.

Launched in November 2010, Motion is a framework that allows users to Assemble custom hosted financial applications via core building blocks that include "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, according to company claims.

"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," says 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 claims to be the leading software for valuing and measuring financial securities' and derivatives' risk. As the "industry standard," Fincad boasts that it 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," says Amar Budhiraja, director, Fincad Alliance Program. Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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