There are three license types for the Hoadley Finance Add-in for Excel and
products can be used by
the individual who purchased it for his/her private trading, personal
investment, personal education, or other similar private
purposes. Use of the products purchased under a private-use license
in a business for any purpose is strictly prohibited. A
private/personal-use license can be bought on-line. Pricing & on-line purchase.
|Private-use with Pro-upgrade:
A pro-upgrade license is a private-use license which includes additional
features which are not available in the "regular" private-use license. Like a
private-use license, the pro-upgrade does not permit the products to be used
in a business for any purpose. To obtain a pro-upgrade license you must first
buy a private/personal-use license. Contact Hoadley Trading &
Investment Tools for pro-upgrade details.
The Pro-upgrade is only available to approved private investors.
Corporate/commercial: A corporate/commercial license is required
to use the products for any business purposes.
Business use is
defined as any activity using the Hoadley Finance Add-in for Excel, or
other products available on this web site, undertaken on behalf of a
corporation, a partnership, a trust, a consulting organization, a
one-person consultancy, or in any government, educational or other
organization, irrespective of whether or not the individual who
purchased the product is the sole user. This includes using the
product for analysis or research into any area relating to the
activities of the organization itself or relating to products or
services provided by the organization to third parties. Contact Hoadley
Trading & Investment Tools for corporate licensing details.
The following table
lists those functions and applications for which availability or feature
capability depends on the license type. Functions and applications not
mentioned are available under all license types.
Optimizer Personal Edition
limitation on number of assets that can be optmized
Portfolio Optimizer Pro;
Efficient frontier and MVO
|Limited to ten
|No asset limit
Hoadley Black-Litterman Returns Estimator; Black-Litterman asset allocation
|Limited to ten assets
|Style analysis function; Hoadley
|Limited to 12 returns (max one
year), and ten assets
returns or assets
returns or assets
|Employee Stock Option
(option pricing with volatility term structure)