BARRA Releases Enhanced Exotic Options Valuation and Analysis Platform.BERKELEY, Calif.--(BUSINESS WIRE)--Nov. 7, 1995--BARRA, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BARZ) today announced the release of a new valuation and analysis platform for exotic options, the BARRA/Rubinstein Exotics v1.0. BARRA/Rubenstein Exotics is an easy-to-use Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. workbook of more than 30 standard and exotic options, providing a comprehensive library of models for analysis of complex financial securities. "This product is a significant and timely extension of our risk and valuation analytics to the rapidly growing area of exotic derivatives Exotic derivatives refers to a specific type of financial asset.
Together, BARRA researchers and Professor Mark Rubinstein developed BARRA/Rubinstein Exotics to ensure accurate and reliable models. The familiar Excel interface allows for the incorporation of already existing spreadsheets. BARRA/Rubinstein Exotics offers many benefits, including the ability to: o calculate complete "Greeks" including delta, gamma, ohr, rho, theta Theta A measure of the rate of decline in the value of an option due to the passage of time. Theta can also be referred to as the time decay on the value of an option. If everything is held constant, then the option will lose value as time moves closer to the maturity of the option. , and vega o perform graphical analysis o offer risk scenarios o offer a Windows help system Windows provides a help system that most software developers use to provide immediate help to the users of their Windows applications. The help is displayed by pressing F1 or selecting the Help menu in the application. with option description, input parameters, and methodology BARRA, founded in 1975, provides innovative analytical models, software, and services that enable its more than 850 clients worldwide to make superior investment and trading decisions. BARRA's software and services analyze equity, fixed income, currency and other financial markets, and their models are the worldwide standard for communicating portfolio characteristics. Based in Berkeley, Calif., BARRA also has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Montreal, London, Frankfurt, Paris, Yokohama, Hong Kong, and Sydney. Information on BARRA is also available on-line at http://www.barra.com. CONTACT: BARRA Inc. Brent Bullard, 510/649-4607 Jennifer Hinchman, 510/649-4548 |
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