VANCOUVER, CANADA – November 7, 2008 -
QuIC Financial Technologies Inc, a global solutions provider for risk management, pricing and financial analytics, has announced the mathematics department at the Politecnico Di Milano is incorporating QuIC technology into their curriculum as part of the QuIC Academic Alliance™ program.
To complement their already extensive teachings in valuation and market risk, Politecnico Di Milano will offer a new course in credit risk management in January 2009, and the QuIC Product Suite™ will provide the infrastructure for the course.
“The Politecnico Di Milano is among the best technical universities in Europe, and prides itself on delivering students a balance of both theoretical knowledge and practical experience to prepare them for a highly competitive marketplace,” says Emilio Barucci, Director of the Mathematical Finance Program within the Mathematics Department at the Politecnico Di Milano. “Our students will greatly benefit from using industry leading software that is both easy-to-use and flexible.”
By participating in the QuIC Academic Alliance program, the university will use the QuIC Product Suite featuring the QuIC Engine™, a powerful vector-based calculation and simulation engine, and QuIC Script™, a state-of-the-art vectorised scripting language. QuIC technology is a logical fit for an academic environment because it allows for financial models to be plugged directly into QuIC’s risk workflow tool and be deployed alongside other models.
"QuIC Script allows users to develop sophisticated risk management and pricing applications without requiring them to master the considerable intricacies of data structure and algorithm design," stated Dave Peterson, Chief Financial Engineer for QuIC. "It provides an ideal platform for financial mathematics students, because it allows them to build concrete, practical illustrations of their studies rapidly, with minimal programming background."
About the QuIC Academic Alliance Program
Launched in early 2008, the QuIC Academic Alliance™ program was established for the education of future risk professionals and the advancement of the risk management industry. The QuIC Academic Alliance program gives the next generation of risk managers and financial engineers practical experience by integrating the QuIC Product Suite™ into financial mathematics programs at key academic institutions.
About QuIC Financial Technologies, Inc
QuIC is a global solutions provider for risk management, pricing and financial analytics and features an exceptionally fast vector-based calculation and simulation platform. Built with fully open technology, the QuIC Product Suite integrates easily with in-house and partner systems and operates in diverse environments, from a single laptop to large distributed grids. QuIC technology is delivered on a shared calculation fabric available to multiple recipients throughout the enterprise, allowing risk management professionals to collaborate in developing new analytics strategies and technology solutions.
For more information please visit www.quic.com.
Press Contact
Julie Zuzek
Director of Marketing and Communications
QuIC Financial Technologies Inc.
Tel: +44 (0)20 7562 4570
Fax: +44 (0)20 7562 4571
julie.zuzek@quic.com
Trademarks
QuIC, the QuIC logo, and QuIC Analytic, QuIC Analytics – XL, QuIC Analyzer, QuIC Engine, QuIC Functions, QuIC Integration, QuIC Links, QuIC Mechanics, QuIC Network Engine, QuIC Platform, QuIC Product Suite, QuIC Publisher, QuIC Script, QuIC Simulation Framework, QuIC Run, QuIC View, and QuIC Workbench product names are trademarks of QuIC Financial Technologies Inc. or a licensor in Canada, the United States and/or other countries.