Pricing Partners Extends its Solution for Correlation and Dispersion Swaps

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Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that it has extended the award winning Price-it© language to price faster correlation and dispersion swaps.

Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that it has extended the award winning Price-it© language to price faster correlation and dispersion swaps.

Correlation and dispersion swaps allow taking view on implied versus historical correlation. These products have been popular for a few years. Pricing them in a generic scripting language payoff framework could be very cumbersome. Hence, Pricing Partners developed specific tools to price rapidly these products and to cope with exotic correlation and dispersion swaps with a dedicated correlation keyword.

Eric Benhamou, CEO of Pricing Partners comments: “With the new correlation keyword, Pricing Partners end users can have a concise and precise description on correlation and dispersion swap and price them fast. This enhancement should position us more on flow 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 with full transparency.

Pricing Partners delivers:
-Price-it® Online, an independent revaluation website for vanilla to the most exotic financial products
-Price-it® Excel, a latest generation financial library using a payoff language and cutting edge models
-Price-it® Source code, an extensive and professional development platform
-Price-it® API, a platform for seamless integration of pricers and analytics into STP solutions
-Price-it® for Kondor+ Suite®, a pricing library integrated into Thomson Reuters Kondor+ Suite®
-Price-it® for Summit MUST®, a financial library integrated into Misys Summit

Pricing Partners offers cover commodity, credit, equity, fixed income, fx, funds, inflation, interest rates, life insurance and hybrids OTC products. They are widely adopted by investment banks, asset management firms, hedge funds, corporations, pension funds, fund administrators and audit firms.

Pricing Partners holds offices in Paris, London, Singapore and Hong Kong. Its solutions have been ranked the overall winner in Pricing and Analytics by Structured Products Magazine in 2010 and 2011.