The MathWorks today announced the availability of its new Fixed-Income Toolbox. This addition to The MathWorks family of products offers financial professionals the building blocks to develop customised fixed-income models faster.
The MathWorks tools for finance have been used extensively in areas such as bond pricing, yield and sensitivity analysis, portfolio optimisation and analysis, financial time series analysis, option pricing and sensitivity analysis, cash flow analysis, risk management, forecasting and simulation, interest rate curve fitting and term structure modelling, Monte Carlo simulation and GARCH-based volatility analysis. The financial suite of products has enabled financial institutions to make more informed business decisions and quickly react to ever changing market conditions.
Built on MATLAB, the new Fixed-Income Toolbox offers financial professionals more than 60 built-in functions for calculating bond prices, yields and spreads. The toolbox provides functionality for working with derivatives, such as swaps, convertible bonds and treasury futures, and supports many financial instruments, including mortgage-backed securities, corporate bonds, and treasury bills. By relying on the built-in functionality in the Fixed-Income Toolbox, users can save time developing complex, customised fixed-income models, and eliminate the need for extensive coding.
In addition to fixed-income functionality, The MathWorks provides data I/O tools that enable users to exchange data between MATLAB and various databases or Excel files, and download real-time information from financial data services such as Bloomberg.
"Many researchers working in the fixed-income area invest large amounts of time developing custom algorithms to analyse market data using tools such as Excel, C/C++, or Visual Basic," said Robert Quinn, financial products marketing manager, The MathWorks. "With the Fixed-Income Toolbox, The MathWorks provides the time-saving tools that enable research groups to create fixed-income models to suit their specific requirements."
Pricing and platform availability
The Fixed-Income Toolbox is currently available on PC, Unix, Linux and Mac platforms.
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The MathWorks is the world`s leading developer of technical computing software for engineers and scientists in industry, government and education. With an extensive product set based on MATLAB and Simulink, The MathWorks provides software and services to solve challenging problems and accelerate innovation in automotive, aerospace, communications, financial services, biotechnology, electronics, instrumentation, process and other industries.
The MathWorks was founded in 1984 and employs more than 1 000 people worldwide, with headquarters in Natick, Massachusetts. For additional information, visit www.mathworks.com.
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