Pricing Partners Named Best Technology Provider of the Year in Asia for Structured Products

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Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that it has been the winner of the Structured Products Technology Innovation Asia Awards in 2011, which brings the company the first trophy in Asia.
 

Pricing Partners wins this year’s technology innovation award for its ambitious expansion in Asia and its transparent and flexible derivatives pricing solutions. Price-it financial library enables clients to not only see the workings of the software and how pricing and valuations are reached but also to tailor it to their own requirements.
 
Pricing Partners started expanding in Asia in 2010 with an office in Singapore and support services in Hong Kong, which enables Pricing Partners to offer proximity to its client for very high quality local support and consulting on all its solutions and services. The firm has also experienced a global double-digit client growth with more than twenty new users in Asia this year, including large Korean derivative houses such as Daewoo Securities, Hana Daetoo Securities, world tier 1 bank, ICBC Asia.
 
"The fact that Price-It also provides its source code is the most competitive factor, because the resulting pricing model provides 100% transparency," says InHo Kim, general manager, financial engineering department at Daewoo Securities in Seoul. "It makes quick and solid pricing model development possible."
 
"Pricing Partners' software gives us the flexibility to amend existing products and it does not need a lot of programming knowledge," says Nicky Mak, head of the flow derivatives desk at ICBC Asia in Hong Kong. "It provides the template for standard products, but allows structured products to be tailor-made with the addition of barriers, call options and changes to the financial models, so we can adjust whatever we think will fit our clients."
 
Eric Benhamou, CEO at Pricing Partners comments “We are extremely honoured to be the technology innovation award winner of 2011, which is recognized by Structured Products magazine. Since Pricing Partners’ first step in Asia in 2010, our transparent, flexible and user-friendly solution receives a very favourable welcome. Identified as the overall winner in the pricing and analytics category by the Structured Products magazine for its broad asset class coverage, this new trophy will help us build an enviable leading position in the global derivatives and structured products pricing field.”
 
 
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.