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Fitch Solutions Partners with Pricing Partners on CDS Data Distribution - Oct 09

 

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Fitch Solutions Partners with Pricing Partners on CDS Data Distribution

Paris-London: Fitch Solutions, a division of the Fitch Group focusing on the development of fixed-income products and services, and Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, today announces a strategic partnership allowing users of Pricing Partners’ Price-it Solution with Fitch Solutions market data license to access seamlessly Fitch Solutions’ market data on OTC credit derivatives.

 

The partnership will allow the easy integration of CDS spreads market data from Fitch Solutions into Price-it Excel, Pricing Partners’ cross asset independent valuation platform. This will thus enable Price-it Excel users to access and use the Fitch Solutions’ market data source for CDS spreads on single name and index.

 

The combination of Fitch Solutions data and Pricing Partners cutting edge valuation tools will therefore allow market players to produce accurate valuations on their credit derivatives portfolios.

 

Ian Rothery, Global Head of Strategic Partnerships of Fitch Solutions added: "Pricing Partners is a  key industry player and this partnership is a natural fit which further underscores Fitch Solutions’ position as a leading data vendor. It will broaden market access to Fitch’s CDS data, providing more users with greater transparency on pricing in OTC credit markets, and we look forward greatly to working with Pricing Partners.”

 

Eric Benhamou, CEO of Pricing Partners, commented “It’s an honor for us to work in partnership with Fitch Solutions. Market data are a key element in the valuation. Today, it is critical that our clients gain access to recognized and reliable market data. The various advantages under this partnership will allow our clients to quickly integrate and connect the flow of Fitch Solutions to our models and thereby obtain very accurate valuations on their credit derivatives at the use of Price-it Excel.”

 

 

About Fitch Solutions

 

Fitch Solutions, a division of the Fitch Group, focuses on the development of fixed-income products and services, bringing to market a wide range of data, analytical tools and related services. The division is also the distribution channel for Fitch Ratings content. Fitch Solutions' product offerings include Fitch Ratings' research delivery, risk and performance analytics, surveillance tools, structured finance workflow solutions, and pricing and valuation services. The division's service offerings include Fitch Training, a specialist training firm for financial professionals, and Advisory Services, which provide customized consulting to help clients better, understand their risk.

 

The Fitch Group also includes Fitch Ratings, a global rating agency dedicated to providing the world's credit markets with independent and prospective credit opinions, and Algorithmics, a leader in enterprise risk management solutions. The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit 'www.fitchratings.com'; 'www.algorithmics.com'; and 'www.fimalac.com'.

 

 

 

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 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.

 

 

Media Contact:     

Yuxin Mao  

Pricing Partners,  

Direct: +33 1 55 26 42 90  

Fax: +33 1 55 26 42 03  

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