Initial release of CalendarXL

SPIDER Announce the initial release of CalendarXL 1.0 for Alpha testing

July 10, 2009 - Spider Financial, a leading solution provider for financial markets, today announced the initial release of version 1.0 Alpha of the company’s date and calendar analytics software - CalendarXL. The software contains significant functionality for algorithmic traders, strategists, analysts and economists.

CalendarXL is the perfect compliment to the NumXL Add-in and financial time series analysis: Strategists and analysts often desire to exploit the information embedded in the date component of the time series and uncover calender-related drivers in their returns and/or volatility.

According to Mohamad EL-Bawab, Vice President of Marketing and Product Management at SPIDER, the new software release addresses the market need for intuitive, fast and accurate analytical trading tools that integrate seamlessly with solutions that are familiar to users.

SPIDER Financial services the needs of securities traders, financial analysts, portfolio and risk managers, and treasury analysts within banks, corporate treasuries and asset management firms.

CalendarXL is released under a commercial license agreement. Users are advised to review the license agreement at our website.

Users who wish to download and try CalendarXL should visit the CalendarXL Homepage to get the latest software release.

Media Contact:
Mohamad EL-Bawab
Direct: +1.312.324.0367
Email: Mohamad.El-Bawab@SpiderXL.com