The FISA (Fixed Income Security Analytics) product line includes support for both US domestic product in US-FISA and international developed market product in Global-FISA. These software components calculate prices, yields, and a broad range of other analytical values for securities in the treasury, government agency, corporate, preferred, certificate of deposit, structured note, and municipals bonds markets of the United States and other developed countries. The Global-FISA analytics can be used by securities dealers, brokers, banks, fixed income ECNs, application vendors, and information services for developing front-, mid-, and back- office trading, portfolio, and reporting applications.
Calculation accuracy and data integrity are critical to both you and your clients; but developing and maintaining these components is costly and complex. Let the experts at FTL provide a highly accurate and cost effective solution that meets your current and future needs.
Accessible
- Available on virtually any platform using Java, C++, or Microsoft .NET.
Full Market Coverage
- Broad analytical coverage for the US primary and secondary fixed income markets including: treasury, agency (GSE), corporate, MTN, municipal, CDs, preferred, and perpetual securities
- Quickly and accurately calculate a broad range of analytical values for fixed income securities including: prices, yields, equivalent yields, and volatility measures
Accurate & Compliant
- Supports all U.S. market conventions and complies with published SIFMA and MSRB calculation standards
- An extensive test data suite and test harness is available to allow direct comparison of calculated values with expected benchmark values
Easy to Use and Learn
- Entirely object-oriented design simplifies implementation
- Easily understood calling structure shortens the learning curve for developers. No need to learn thousands of function calls
- Complete and up-to-the-minute documentation available online
- Simply pick your market and security type and the correct conventions and calculations are configured for your use - developers need not be market experts to be produce accurate results
- New securities, calculations and conventions are made available to you as they are introduced in the fixed income market; we keep up with market changes so you don’t have to.
Flexible
- Eliminate client-server round trips and latency by distributing the calculations to the client-side with .NET or Java. Or, implement on the server-side for centralized auditing and control
- A user-definable degree of convergence in iterative equations allows you to optimize at run-time for ultimate precision or scorching speed.
Convenient
- Use our utility classes to download and use our market-holiday calendar or use your own custom calendar.
- Use our utility classes to download and use public CPI history for calculating inflation-indexed adjustment ratios, or supply your own ratios.
