<body.content> <block> <p>NEW YORK, Oct. 14 /PRNewswire/ — Imagine Software, Inc. a world leader in multi-asset real-time trading analysis and risk management solutions announcednew enhancements that provide full support for Credit Default Swaps (CDS). These new enhancements further round out what was already considered the industry’s leading and most robust convertible bondtrading platform.</p> <p>Credit Default Swaps have become the credit hedge of choice for most convertible arbitrage traders. Imagine’s new features will make these structured productsmore easily analyzed, traded and incorporated into a multi-asset trading strategy.</p> <p>(Logo: <a>http://www.newscom.com/cgi-bin/prnh/20010523/NYW128LOGO</a> )</p><p>The Credit Default Swaps module offers highly flexible multi-currency credit curves. As is customary for Imagine users, credit exposures can also be calculated and broken out by any desiredperspective – e.g., by issuer, by counterparty, by industry sector or by credit rating. The new model supports reference issues and recovery rates for any credit sensitive security. The ImagineTrading System will also calculate an implied credit spread, given the CDS swap rate, enabling users to “tune” the model inputs of their convertible and fixed income securities. This enhancementfurther rounds out the already comprehensive financial asset class and trading strategies coverage offered by Imagine. Strategies supported include Long/Short, Volatility, Arbitrage, Global Macro,plus others utilizing equity, fixed income, credit, convertible, Forex, and structured products.</p> <p>About Imagine Software</p> <p>Imagine Software began designing,programming, implementing and supporting state-of-the art trading and risk management solutions in 1993. A decade later, the company has grown to become a leading provider of investment managementsolutions and ASP services for major brokerage firms, hedge funds, pension funds and banking institutions worldwide. Since its introduction two years ago, Imagine’s ASP platform has quickly becomethe system of choice for a large number of today’s most successful hedge funds as well as proprietary trading desks at large financial institutions. The service includes a fully maintained securitymaster; real time prices for listed securities as well as the provision of “value-added” data such as dividend projections, correlations, and historical volatility for some 47,000 stocks around theworld. The service also performs middle and back office functions such as corporate actions maintenance, daily event processing such as the resetting of swaps and the posting of dividends, andcalculation of funding costs, borrow costs and transaction fees. Imagine delivers Reuters real-time data, is powered by Sun Microsystems servers, and provides RSA Security user- authentication. TheImagine Trading System serves thousands of users worldwide, ranging from global banks and brokerages to hedge funds employing multiple asset classes and trading strategies.</p> <pstyle=”pre” id=”pre1″> For More Information, Contact:
Ray Krastins
Imagine Software, Inc.
233 Broadway, 17th Floor
New York, NY 10279
(212) 317.7690
(212) 317.7601 (fax)
<virtloc idsrc=”dummy” value=”dummy”>[email protected]</virtloc> </p> <media media-type=”image”>
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</media> <datasource>Imagine Software, Inc.</datasource> </block> <block class=”contact”> <p>CONTACT: Ray Krastins of Imagine Software, Inc., +1-212-317-7690, or<br/>fax, +1-212-317-7601, or <virtloc idsrc=”dummy” value=”dummy”>[email protected]</virtloc> </p> </block> <block class=”website”> <p>Web site: <a>http://www.imagine-sw.com/</a></p> </block> </body.content>
