BOSTON and VANCOUVER, February 8, 2011 — Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, and FINCAD, the trusted provider of derivative pricing and analytics, today announced an agreement to incorporate FINCAD Analytics into the Eagle suite for use within its data management and performance measurement solutions.
Designed to streamline the process for managing complex investments, this integration provides Eagle's clients with built-in functionality to simplify valuation and calculation of analytics for fixed income and derivatives. Clients will also receive technical and functional support as they on-board new instrument types.
"By integrating FINCAD Analytics, we offer clients a cost effective option for generating prices and fixed income analytics. We are also significantly differentiating our data management solution in the market by enabling clients to generate these analytics with consolidated and cleansed data," said John Lehner, president and chief executive officer of Eagle. "Risk management remains a top priority for our clients. Eagle is committed to addressing this need while reducing the overhead and simplifying the process."
"As derivatives usage continues to evolve and expand globally, comprehensive industry standard derivatives analytics and tools are necessary to maintain risk management practices," said Amar Budhiraja, Director of the FINCAD Alliance Program. "FINCAD is excited to work with Eagle in support of its new analytics offering which provides investment managers a more automated method of valuing derivatives. We enjoy working with innovative companies that leverage our analytics to design creative solutions that help our common clients."
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 75 FINCAD Alliance Partners embed FINCAD analytics within their solutions. Additional information is available at www.fincad.com.
Eagle Investment Systems LLC, a subsidiary of BNY Mellon, provides global financial companies with technology and services for data management, investment accounting and performance measurement. Eagle's investment management suite is hosted via Eagle ACCESS(SM), the firm's ASP or installed locally. Additional information is available at www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.