|CM-CIC Asset Management chooses the solution Price-it® Excel - Aug 08|
CM-CIC Asset Management chooses the solution Price-it® Excel
August 18th, 2008, CM-CIC Asset Management (CM-CIC AM) has selected Price-it® Excel specifically designed by Pricing Partners to value OTC derivative products. CM-CIC AM quantitative research department will rely on our pricing engine to manage complex optional structures related to structured funds creation and to analyze the integral risks associated with such products.
Over the past few years, we have seen an unprecedented growth of the derivatives industry, which results in a considerable increase of the transaction volumes, notoriously complex strategies and drastic changes in the regulatory environment. To analyse and measure the risks involved by this intensification of trade, research teams must develop more realistic quantitative market models, in ever-shorter deadlines. In this field, Pricing Partners stands out from the competition by offering software solutions that precisely meet the operational and regulatory obligations. The flexibility of the tool provides a Pricer in real-time for each new structured product and to efficiently calculate new risks parameters.
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 that allows it to price virtually any financial derivatives. Price-it 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 giving 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.