Paris-London-Singapore-Pune: Pricing Partners (www.pricingpartners.com), the independent revaluation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that Pyxis Systems (www.pyxis-it.com), a provider of technology solutions and services to the global financial derivatives industry, has chosen its revaluation platform Price-it® Online to address their requirements in performing independent revaluation of complex OTC derivatives for a rapidly growing Indian market. This agreement is the first of what hopes to be the prosperous future of Pricing Partners in the region, and acknowledges the company’s presence in the global community.
Pricing Partners’ Price-it® Online is available for all major asset classes of derivatives: interest rates, credit, foreign exchange, equities, inflation, commodities, life insurance (variable annuities), energy and hybrids. It incorporates Pricing Partners’ advanced analytics and models with company proprietary market data as input, providing unmatched coverage and true market values for an extremely broad range of structures- from the vanilla to the most exotic instruments. The Price-It® Online platform’s, flexible architecture provides a perfect match to a dynamic and constantly evolving environment. With Pricing Partners’ innovative SaaS solution, Pyxis Systems will establish a competitive edge on complete and transparent revaluation for derivatives and structured products in the Indian market.
Mr. Nandlal Bhatkar (Johnny) from Pyxis commented “Pricing Partners has always been a progressive force in the derivatives revaluation field. Therefore, we are proud to work with them. This opportunity allows us to bring our clients a higher degree of transparency in the revaluation process of complex OTC derivatives instruments in India. We trust Pricing Partners’ expertise and dedicated services based on their accuracy and distinguished reputation.”
Mr. Eric Benhamou affirmed “Pricing Partners has established itself as a major player in the independent revaluation in Europe. It is the right time for Pricing Partners to start our global expansion across other continents. We already signed something in Hong Kong. This latest deal with a major reference like Pyxis allows us to penetrate Asia with high credentials and get a feeling for revaluation requirements in this continent. We are very proud to work with Pyxis and will put high commitment and resources to make this collaboration a success”
About Pyxis Systems
Pyxis provides software solutions and services to the financial derivatives industry. With expertise in quantitative finance, knowledge of global derivatives markets, derivatives desk risk management and operations—combined with a substantial experience in advanced Information Technology solutions and software development—Pyxis provides a rare value to its clients. Pyxis has also developed a derivatives pricing and risk management system, “RisKompass” that includes pricing, portfolio risk analysis, access control, deal lifecycle events and processing. Pyxis also provides Corporate treasury Solutions and services ranging from defining risk management / treasury policies, effective exposure management, revaluation of derivatives portfolio to implementation of Hedge Accounting.
About Pricing Partners
Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products revaluation, pricing tools and risk analytics. Thanks to Price-it® online, a SaaS platform, Pricing Partners provides independent revaluation 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 revaluation, developing both its own pricing library and a revaluation platform, which give its clients very accurate and reliable revaluation 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 revaluation 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, Paris 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.
Direct: +44 774 744 2878
+44 207 473 0297
Direct: +33 1 70 60 72 46
Fax: +33 1 70 60 72 31