There are many methods an investor can use when it comes to speculating on a financial asset and the minority of people who make a decent income from investing will almost certainly have a set of rules to which they adhere. There are those that are less complex and those that are more and the use of quantitative finance is definitely one which requires some level of technical knowledge.

But these techniques are becoming more accessible to your average investor thanks to programming languages and mathematical software that allows complex data sets to be processed and relatively simple outputs delivered.

The quantitative finance code index is a new website that has been set up to bring together examples of code that can be used with certain software to take data on an asset, particularly derivatives, and produce simple information that can greatly aid the decisions of an investor, for instance, black scholes model implementation.

Quantitative Finance Investment … read more »

First Atlantic Commerce wins Bermuda Government’s Coveted Innovation of the Year Technology Award

FAC honored for creatively using technology as a tool to innovate the e-commerce industry

Hamilton, Bermuda. April 30, 2008. First Atlantic Commerce Ltd. (FAC), a leading international, multi-currency payment and risk management solutions provider, last week won the Bermuda Governments Ministry of Telecommunications & E-Commerces Innovation of the Year award for FACs online Consumer Authentication solutions.

Organizations across the world-class, offshore financial centres private, public and non-profit sectors that are creatively using technology as a tool to innovate in their designated industry were nominated under various categories including: Best Interactive Experience, Best Local Website, Most Inspiring Technology Teacher, Best Business Solution Using Technology, Best Customer Service, Technology in the Environment, Most Innovative Sponsor and top category Innovation of the Year.

Bermudas Telecommunications and E-Commerce Minister, the Hon. Terry E. Lister, and Dion Tucker, Vice President of Information Technology for event sponsor and insurance/reinsurance giant, RenaissanceRe, presented the crystal trophy award for Innovation of the Year to FAC CEO, Andrea Wilson at the TechAwards luncheon held on Friday, April 25, 2008 at the Fairmont Hamilton Princess.

Based on criteria including a truly innovative technology solution that is commercially in use in Bermuda and utilizing Bermuda-based infrastructure and/or resources, the winning companys innovation had to be a true showcase piece for the Island, according to the panel judges representing both Bermudas private and Government sectors.

FACs innovation involved implementing a unique standalone Verified by Visa and MasterCard SecureCode cardholder “authentication-only” solution designed for the burgeoning Mexican online business market including airlines, hotels and large retailers.

FAC Wins Bermuda Innovation Award … read more »

Having a credit card is very convenient since carrying a lot of cash becomes unneccesary and you might even have a hard time leaving your credit card at home. But with its advantages comes also its disadvantages. Since you can always buy things without carrying cash around, you are always tempted to buy something that you come across. If you have excellent control on your finances then good for you. If you have a hard time managing your credit card, then these pointers can help you.

Get Organized
First thing’s first, obtain your credit card records to have a better idea of your spendings. Be sure to double check the records for errors and ensure its accuracy. A good example would be to find out if you have outstanding debts that should not be there as well as the accuracy of the listing of your former and present address.

How to Save More with Credit Cards … read more »

The price of gasoline is on the rise. This is truly a great concern if you are following a tight budget. So how can you save some money on gas?

The carpool system
This is a great idea for employees and students alike. Since all of you will have the same destination, there is no need to bring extra vehicles if you can all fit in one car or van. If you are with your co-workers, it is a good idea to bring your cars alternately or on rotation. If you have children that you bring to school or social events, exchange driving responsibilities with your friends.

Commute to work
You can always take the public transportation system when going to the office. This is also a good way to relax since you are not driving. You can even take a short nap while on your way.

Gas Saving Tips … read more »

The emergence of electronic age made almost everything possible to people. Determining and curing terminal diseases made convenient, reaching uncharted territories became a possibility, and most of all; everyday life of people is made easy by the technology. We now have more convenient stores, easier means of transportation and a variety of gadgets that makes work and pleasure almost effortless.

When it comes to finances, technology—through efficient banking system and services—has given people better alternatives and options how to manage their finances. Among the so many financial management schemes that emerged, one alternative stands out among the rest—the credit card.

Credit card, especially to working people and those who live very busy lives, has become an ultimate financial “savior.” More than just being a status symbol or an add-on to expensive purses and wallets, credit card has revolutionized the way people spend their money.

Need Credit Card? … read more »