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 they will present their latest work at the World Business Strategies (WBS) workshop on interest rates exotic products, taking place on November 23th and 24th 2009 in London.

The two day event will tackle topics such as “The LMM-SABR Model: The New Paradigm for Pricing, Calibrating, Hedging Interest-Rate Derivatives Modelling in the Presence of Smiles” and “Interest Rate Modelling & Interest Rate Exotic Products”. Eric Benhamou, CEO of Pricing Partners and former quant of Goldman Sachs will demonstrate the latest research on the impact of stochastic interest rates in local volatility jump diffusion models. In the midst of financial crisis, as volatility reached unprecedented level, this work is particularly relevant to quantify market risk. This work of Dr Eric Benhamou is a summary of two recent researches, one done in collaboration with A. Gruz, and A. Rivoira of Misys and the other one done with Dr M. Miri of Pricing Partners and Pr E. Gobet of ENSIMAG.

World Business Strategies (WBS) events play a vital role in the financial markets, especially in the quantitative community, which is often called as the "quants" world. The 2009 edition conference gathers highly reputable market professionals such as Riccardo Rebonato (Global Head of Market Risk and Quantitative Research at Royal Bank of Scotland), Pat Hagan (Head of Quantitative Analytics at JP Morgan, famous for his stochastic volatility SABR model) and Sandine Ungari (Quantitative Strategy at Societe Generale). For Pricing Partners, it is a great opportunity to present quantitative research and expertise at the forefront of the community.

Eric Benhamou said: "At Pricing Partners, we are very keen to exchanging our latest results with the quantitative community to diffuse deep ideas and continue increasing our reputation as the quantitative company in the market. In addition, it is a good place to reach potential clients that are looking for external experts on their valuation issues."

"We will be glad to see Pricing Partners this year again at our WBS event. The event is intended to be a forum of research for the most promising work, and we are happy to learn the latest advances from Pricing Partners.” says Neil Fowler, Managing Director of World Business Strategies.

About World Business Strategies:

WBS Training organizes workshops and conferences for the capital markets and treasury divisions of investment companies worldwide, with all our efforts centered solely on the education of our clients. WBS Training does not operate to present dozens of events every year. Instead we select only the most innovative, pertinent and dynamic subjects, thus bridging the gap between the latest theoretical developments through to proven practical trading floor requirements. Therefore, we aim to ensure that such requirements can be effectively implemented in the real financial world.

Our depth of experience within the training environment provides us with a greater knowledge and understanding of what our clients require from financial business training. This promotes the unique position of us delivering the quality and service that is crucial to our client's continued success and competitive advantage in the market place. We have a flexible approach which allows for a more personal relationship with our clients. Furthermore, we do listen to what our clients want.

For more information, visit www.wbstraining.com or email This email address is being protected from spam bots, you need Javascript enabled to view it .

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, which give 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 Prime Source), Misys (for its pricing library integrated into Summit), CMA, Fitch Solutions or Lexifi. It is a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. Furthermore, it is a member of the grid research consortium GCPMF uniting BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, INRIA, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with Prime Source, Lunalogic, Ecole Polytechnique, ENPC, University of Marne La Vallée and INRIA.

Media Contact:

Yuxin Mao

Pricing Partners,

Direct: +33 1 55 26 42 90

Fax: +33 1 55 26 42 03

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http://www.pricingpartners.com