|Pricing Partners Wins Key Award at PM'UP for its Strong Growth Perspective - Feb 10|
Pricing Partners Wins Key Award at PM'UP for its Strong Growth Perspective
Picing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced that it has been selected as a strong growth company in the PM'UP contest. This contest rewards dynamic SMEs (Small Medium Enterprise) of the “Greater Paris" area that show growth perspective in terms of revenue abroad and new hires.
Eric Benhamou, CEO of Pricing Partners and a former Goldman Sachs employee comments: "Being a winner of the PM'UP contest is a clear sign of recognition of our progress and growth. Since the first day, we wanted to capitalize on the potential for growth and jobs offered in the greater Paris area. Therefore, we decided to locate our company in Paris anticipating that this was the best place. This choice has turned out to be particularly appropriate. And today, we are extremely pleased to be a winner of the PM'UP Contest. On behalf of Pricing Partners, I would like to thank the administration and the greater Paris region for their trust in our company. We will make utter effort to ensure that our success is even more brilliant and that we become an example for other greater Paris SMEs. "
Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, in the past two years Pricing Partners has become over a major player in the financial field. In October 2008, Pricing Partners launched its Internet independent valuation platform, Price-it Online, which affirms its leading place in financial modeling as well as an 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, which give 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), 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: +33 1 70 60 72 46
Fax: +33 1 70 60 72 31