News

Release of FinlogiK 3

MONTREAL – January 19, 2010 – Release of FinlogiK 3

FinlogiK inc. is happy to announce the release of FinlogiK 3, the newest release of our flagship trade management system. 

This release is an important milestone in FinlogiK’s history. FinlogiK 3 incorporates significant improvements in functionalities and performance. Highlights of the new features include:
- New credit adjusted valuation report (FAS-157, CPN-173);
- Bulk trade capture of exchange-traded or over-the-counter securities and of FX transactions;
- Eight new fixed income instruments including amortizing swaps and fixed income Repos;
- Instant search, our application wide search engine;
- Ability to exploit additional CPU resources made available by multi-core processors; and
- Windows 7 certified.

“This new version benefits from our advanced testing framework of automated executable specifications. This framework is an essential piece of our development process as they allow us to guard against functional regression and ensure the quality of new features.” explains Philippe Berckmans, COO, FinlogiK. 

New features that will be released in the near future include: hedge effectiveness calculation, hedge accounting documentation (FAS-133, IAS-39, CICA-3865) and the modeling of any new type of transactions based on our standard transactions types (securities, future, option and swaps).

“We’re very excited by this new release. The instant search and bulk trade functionalities will greatly enhance the active portfolio manager experience, and the credit adjusted report enables users to actively monitor their counterparty risk exposure.” said JF Sabourin, President, FinlogiK.

FinlogiK is a full fledged Straight-Through Processing Trade and Portfolio Management System designed for the buy-side to support derivatives and securities transactions. FinlogiK offers a superior return on investment to our clients by combining the robustness of integrated process management system (workflow, roles, full security and audit) with straight forward user interfaces, easy system configuration and a powerful user-friendly reporting. FinlogiK manages over fifty types of financial instruments ranging from simple cash instrument (FX spot, money markets, bonds, equities) to complex derivatives (futures, options, swaps, TRS, CDS) in the following asset classes: FX, Fixed Income, Equity and Credit.

About FinlogiK Inc.
FinlogiK specializes in financial software solutions for the fund management industry, financial services firms and treasuries of medium and large corporations. FinlogiK relies on its expertise in finance, in capital markets, operations, accounting and technology to provide affordable financial software solutions to its customers. Our solutions are designed to help companies in several areas: front-to-back trade management, treasury management and derivatives valuation.
FinlogiK’s clients include prestigious companies such as GE Capital, UBS Global Asset Management, National Bank of Canada, Desjardins Global Asset Management, SITQ and City of Montreal.

Media Contact:
Yslane M’Sahi
Direct: 1.514.938.8448 #247
Email: ymsahi@finlogik.com