Initial release of NumXL

SPIDER Announce the initial release of NumXL 1.0 for Alpha testing

Chicago, IL, USA , April 15, 2009 - SPIDER FINANCIAL, a leading solution provider for financial markets, today announced the initial release of version 1.0 Alpha of the company’s econometric analytics software - NumXL. The software contains significant functionality for algorithmic trader, strategist, analyst and economists.

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 users are accustomed to. The new version superiority lies not only in improved analytics features, but also the ability to use and integrate those functions with wizards, workbooks, and examples. The features supported in v1 are important for our clients in order to keep pace with market changes.

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.

NumXL is released under shareware license agreement . Users are advised to review the license agreement at our website.

Users who wish to download and try NumXL Alpha functionality should visit NumXL Homepage , and get the latest software release.

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