July 09-One of the largest US banks chose Pricing Partners for the second valuation

Paris-London: Pricing Partners www.pricingpartners.com, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that one of the largest US banks selected its platform Price-it® online to double value its Interest Rate, Inflation and Equity derivatives products. 

This bank, which wished to remain anonymous, decided to innovate in terms of its transparency and proximity with its clients. With this action, this bank has become a pioneer bank in responsible finance by offering access to an independent valuation on its OTC derivative products.

This bank was looking for a trusty and recognized solution. After an assessment of the available solutions, it selected Price-it® online, Pricing Partner’s online platform, because of the reliability of valuations and its large range of covered assets.

Eric Benhamou, CEO of Pricing Partners and ex Goldman Sachs quant, comments on the new arrival of this client “Being the independent valuation provider for this very large US bank is an outstanding landmark for our valuation platform, Price-it® online. We feel very proud and grateful for the confidence that this bank showed us. With this new reference, we make an important step forward towards even more recognition for our models, our tools and our independent valuation platform. Hereby, we are underway to become the leading player in the field of transparency on the financial derivatives and structured products.”

Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, Pricing Partners has become over the last two years a major player in both pricing models and recently independent valuation. In October 2008, it launched its Internet valuation platform, Price-it® Online, which affirms its leading place in the financial modeling as well as independent valuations provider. Designed for all major assets like Interest Rates, Equity, Inflation, Credit, Foreign Exchange, Commodities, and Life Insurance to Hybrid products, Price-it® comes either as a software or an Internet Platform, providing all the tools for the transparent valuation on structured products. Price-it® online uses cutting edge mathematical models together with a new language to describe the complexity of any structured products. 

 

About Pricing Partners

 

Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products valuation, pricing tools and risk analytics. Thanks to Price-it online, a SaaS platform, Pricing Partners provides independent valuation from the vanilla to the most exotic financial products on most assets (Interest Rates, Fixed Income, Equity, Inflation, Credit, Foreign Exchange, Commodities, Life Insurance and Hybrid products). Pricing Partners develops and commercializes Price-it Excel, an analytic and independent pricing library using a generic payoff language description which allows the pricing of virtually any financial derivatives. Price-it also supports VaR, CVaR and the most common risk management tools. Pricing Partners is the only company completely mastering the chain of valuation, developing both its own pricing library and a valuation platform giving its clients very accurate and reliable valuation as a result of its intrinsic knowledge of the pricing tools. Pricing Partners solutions can be used by investment banks, buy side firms, hedge funds, financial departments, trading rooms and audit firms.

Pricing Partners has also signed numerous partnerships to distribute its technology with leading institutions like NYSE Euronext (for its independent valuation service via Primesource), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. It is also a member of the grid research consortium GCPMF regrouping BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, the Inria, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with Prime Source, Lunalogic, the Ecole Polytechnique, the ENPC, the University of Marne La Vallée and the INRIA.

CONTACT: Marketing Department, Pricing Partners

Tel: +33 1 5526 43 00

Fax: +33 1 5526 42 03

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website : http://www.pricingpartners.com
 
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