|Series B, 1/06 |
QuIC Financial Technologies, Inc. develops simulation, risk calculation, and pricing platform solutions for financial institutions and companies. The company offers QuIC product suite that consists an n-dimensional vector based calculator to solve mathematical problems. Its products include QuIC Engine for desktop computers to achieve levels of performance associated with supercomputers; QuIC Script, a vector computing language to express financial solutions to the QuIC Engine; and QuIC Analytics that provides instrumentations, such as interest rate and foreign exchange derivatives, equities and commodities, hybrids, asset backed securities, and credit derivatives, as well as a series of utility function libraries. The company also provides QuIC Workbench for developing, modifying, customizing, visualizing, and testing QuIC Script; QuIC mechanics, a product framework that decomposes a financial instrument into a series of events, such as cashflows, exercise decisions, resets, and maturities; and QuIC Simulation Framework, an enterprise-scale calculation and simulation framework to manage the portfolio simulation workflow. In addition, it offers integration products, which include QuIC Dispatch that provides choices for interfacing with client solutions; QuIC Bridge, which provides an interface between QuIC Script and the clientâ€™s existing models; and QuIC Data Channels, an architecture for the movement of data between relational databases or CSV files, and QuIC Script. Further, the company provides product support, system integration, custom development, consulting and advisory services, educational and technical resources, and training services; and market risk, credit risk, credit valuation adjustment, unified risk, and structured product solutions. QuIC Financial Technologies, Inc. was formerly known as Quadrus Financial Technologies, Inc. The company was founded in 1998 and is headquartered in Vancouver, Canada with additional offices in London and New York.