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Octo Finances Selects Pricing Partners for Independent Valuation - May 09

 

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Octo Finances Selects Pricing Partners for Independent Valuation

Paris and 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 Octo Finances has chosen its service to provide independent valuation for Callable EMTN on Eurostoxx. Octo Finances is among the very early brokers to provide to its clients greater transparency on OTC or structured products.

“We were looking for a fast and reliable source of independent valuations for some of our OTC products. We found out in Price-it® online a product that offers accurate fair prices with models managing the same level of innovation and complexity as investment banks" said Maurice de Boisséson, head of Research for Octo Finances. “Beyond its proven accuracy, we were impressed with the service's extensive coverage for equity, credit, inflation and interest rates derivatives."

Pricing Partners independent valuations are available for all major asset classes of derivatives: interest rates, credit, foreign exchange, equities, inflation, commodities, life insurance, energy and hybrids. It uses Pricing Partners analytics and models with the company proprietary market data as input, providing unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.

"We are delighted to sign with Octo Finances. Octo Finances is a major reference in the intermediation on the fixed income, convertible bonds and structured products markets," said Eric Benhamou, CEO of Pricing Partners and former Goldman Sachs quant. "Investors are quite lost with the recent market turmoil. They need some relevant numbers to make up their investment decision. Our combination of expertise on pricing, modelling and calibration makes Pricing Partners a leading provider for independent valuation."

Octo Finances has chosen Price-it® online after a rigorous assessment of the multiple benefits of an independent valuation solution. “The decision of Octo Finances, which has a very strong expertise in structured products, is a strong sign of credibility for Pricing Partners. The software responds to a real demand from the market in terms of independent valuation”, said Eric Benhamou, President of Pricing Partners.

 

About Octo Finances

Octo Finances is an investment company approved by the Bank of France and the French financial markets authority (AMF). The company specializes in intermediation on the fixed income, convertible bonds and structured products markets.

 

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 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.

Pricing Partners has also signed numerous partnerships to distribute its technology with leading institutions like NYSE Euronext (for its independent valuation service via Primesource), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also a Microsoft IDEES partner, an IBM, Sun, Datasynapse partner. It is also a member of the grid research consortium GCPMF regrouping BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, the Inria, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, a collaborative project supported by the cluster Finance Innovation and done in collaboration with PrimeSource, Lunalogic, the Ecole Polytechnique, the ENPC, the University of Marne La Vallée and the INRIA.

 

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