:.LANCELLOTTI S.A. - Software

Delivers Fast Monte Carlo Functionality and Full SQL Database Integration

Derivatives Expert III for Mathematica is a complete, multi-platform, fully integrated suite of functions for doing simple to complex financial analysis and engineering with respect to most exchange and Over-The-Counter (OTC) traded securities and derivatives. Now Derivatives Expert can fit directly with large, high-performance network systems such as webMathematica, IBM WebSphere and Oracle Application Server.

The focus in Derivatives Expert is not on single financial products but on the construction of a framework that can contain all financial instruments in a unified way. The end result is that it is very easy for users to expand the system with new functionality and support of new financial instruments, even very complex ones such as a Power Reverse Dual Currency Bermuda Swap, for example.

The latest version of Derivatives Expert provides 500 symbols, functions, arguments, optionals, has been fully updated to Mathematica 5.2, and now includes many functions for pricing exotic derivatives, doing Monte Carlo simulations, integrating with SQL-databases such as Oracle and to output XML. Large and specialized packages are also included for Bonds, Mortgage Backed Obligations, Floaters, Forwards, Swaps, Options and Exotics. To insure that users are supported from the very beginning, Derivatives Expert includes extensive 800-page online documentation with background material, exact function descriptions & definitions, user's guide, reference manual, and detailed programming examples.

Key new features in Derivatives Expert III include the following:

All financial instrument pricing functions that are based on discounting of a cash flow can now be priced using "infinite" precision numbers or faster (compiled) machine precision numbers.
Most functions that take optional values are now faster.
New and fast Monte Carlo functionality for simulation of prices and price paths having equidistant or non-equidistant times of trading along the price paths.
New pricing models for Arithmetic Average Asian options, including forward-start options.
New volatility estimation functions.
Additional Binomial option pricing models that take different dividend specifications.
Better and more convienient handling of the first coupon for all financial instruments that have a floating rate coupon e.g. swaps and variable interest rate bonds.
New objects have been introduced for swaps pricing to make it easier.
Most examples of the Swaps and Floaters modules have been rewritten
There is now a choice of whether to include accrued interest or not with all relevant financial instruments e.g. bonds, MBO's and swaps.
New function to fit interest rates
Faster discounting functions.
Caching and optimization of core calendar functions for higher performance.
New, general and advanced SQL database integration module that only requires a database and a JDBC driver.
Complete, multiple simultaneous connections, high performance and multiplatform database integration to e.g. Oracle, DB2 or MS SQL Server.
New XML output from database SQL queries.

Derivatives Expert III is available for Windows, Linux, Mac OS X and Unix platforms, and requires Mathematica. Latest Mathematica version is recommended. The database module of Derivatives Expert III requires an SQL database such as Oracle, J/Link and a JDBC-driver.

Substantial volume discounts as well as large discounts for academia are available.

Derivatives Expert III is available now.

Solicite mayor información y asesoramiento aquí

Oruro 1168 Piso 1 "F" (C1220ACD) - Ciudad Autónoma de Buenos Aires - Argentina Celular: (54-911) 3696-6852 - www.lancellotti.com.ar - info@lancellotti.com.ar