|Pricing Partners successfully hosts its second edition Users Club 2009 - Sep 09|
Pricing Partners successfully hosts its second edition Users Club 2009
Paris-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 to have successfully achieved its second edition of Users Club 2009. The conference took place from 9am to 2pm on September 23 in the prestigious Hotel du Louvre at Paris. It was a great opportunity to develop proximity to clients and inform them with the fast paced developments of the software and services. Pricing Partners promised to continue on this tradition of Users Club once a year in order to do its utmost to serve its clients.
The conference gathered more than half of its clients all the way from France and Belgium most of whom are end-users of Price-it Library and Price-it Online. The session started in the morning with an introduction of the developments and long term strategies of Pricing Partners, followed by a presentation of new functions and projects on the software and services. Afterwards, an exchange of insights and experience on the use of the Price-it Library and the challenges in independent valuation took place between clients and Pricing Partners. This was done in the form of two round tables. Obviously, it was a priceless moment for Pricing Partners to get feedback from their users in order to further improve its software and optimize its services.
Xavier Deschamps, managing director and head of sales at Pricing Partners commented “We had a wonderful time together with our clients this morning. 2009 is special year for the financial industry even more so for the world economy. Nevertheless, Pricing Partners has the honor to win the confidence of our numerous new references especially with the arrival of Price-it Online, our independent valuation platform. Clients are treasures for Pricing Partners. We are always doing our utmost to get close to them, listen to their concerns and help them out in all methods in order to acclimate them in the ever changing environment. We really appreciate and cherish the time sharing with our clients during this Users Club 2009 and we are eager to meet them very soon.”
Eric Benhamou, CEO of Pricing Partners added “The Users Club is a unique moment for us to meet our clients, and discuss their needs, concerns and dreams. This is very helpful for us to establish our wish list for the coming year of extended functionalities and capacities. Once again, I thank all of them for having taken their time to exchange with us and provide very fruitful comments and interactions. I am very eager to meet them very soon. ”
Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, Pricing Partners has become over the last two years a major player. In October 2008, it launched its Internet independent valuation platform, Price-it® Online, which affirms its leading place in the financial modeling as well as independent valuations provider. Designed for all major assets like Interest Rates, Equity, Inflation, Credit, Foreign Exchange, Commodities, and Life Insurance to Hybrid products, Price-it® comes either as a software tools or an Internet Platform, providing all the tools for the transparent valuation on structured products. Price-it® online uses cutting edge mathematical models together with a new language to describe the complexity of any structured 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. 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 Prime Source), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also 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, Pars 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.
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