Dec-09:Top UK Insurer Chooses Pricing Partners for the Independent 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 UK insurers has selected Pricing Partners’ online independent valuation platform, Price-it® Online for its interest rates and equity structured products.

This leading UK insurer, which wishes to remain anonymous, develops and offers tailored investment solutions to its clients. The firm needed an extremely sophisticated and accurate solution for its Interest Rate and Equity products to measure and forecast counterparty risks and liquidity. The firm also entails a scalable and flexible system to reinforce its role as a leading asset management in the industry. After several tests and a comprehensive assessment of the solutions on hand by different providers, the firm fixed its attention on Pricing Partners’ online independent valuation solution, Price-it® Online for its outstanding performance.

 

Eric Benhamou, CEO at Pricing Partners and a former Goldman Sachs quant, completed “We are very pleased that such a prestigious UK insurer chose Pricing Partners for the independent valuation on its interest rates and equity structured products portfolios. Pricing Partners’ unique combination of accurate analytics, proprietary market data and intuitive user-friendly language gives our customers the power to more effectively manage risk and maximize business opportunities, especially in the current market conditions. Price-it® online is a notable tool that generates accurate prices and matches all market conventions. This makes Pricing Partners a leading provider of independent valuation and revaluation services for both buy and sell side."

Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, in the past two years Pricing Partners has become over a major player in the financial field. In October 2008, Pricing Partners launched its Internet independent valuation platform, Price-it® Online, which affirms its leading place in financial modeling as well as an 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 tools 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, 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), Thomson Reuters (for its pricing library integrated into Kondor+ Structured Products), 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 70 60 72 46

Fax: +33 1 70 60 72 31

Email:

http://www.pricingpartners.com
 
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