|Oddo Asset Management Becomes Pricing Partners New Client - Jul 07|
Oddo Asset Management Becomes Pricing Partners New Client
Paris, July 27th 2007 - Oddo AM, an independent asset management company, has signed a contract with Pricing Partners which includes two licences for Price-it® Excel’s Equity module.
For Oddo AM this newly signed contract was the result of their decision to be equipped with an independent tool capable of challenging prices delivered by counterparties – such as banks – within the framework of their business.
After deliberation, they chose Pricing Partners for the quality of its models, the adaptability of its solutions and the quality and proximity of its services.
The first licence is destined for the Front Office analysts to help them insure optimal decision making capabilities.
The second is destined for the risk management department to guarantee them the best independent control and follow-up of the valuations and risks associated with equity derivative products.
About Oddo Asset Management
Oddo Asset Management is an independent asset management company regulated by the Autorité des Marchés (AFM), and a subsidiary of the Oddo Group. Oddo Asset Management has 120 highly specialized and dedicated teams and proactive management and customer services. Teamwork and energy symbolize the Oddo Asset Management culture, which is regarded as one of the only “Paris Boutiques” delivering a global offering.
About Pricing Partners
Founded by professionals of the trading floor industry, Pricing Partners provides software solutions and consulting services for derivatives independent valuation. Pricing Partners proposes Price-it®, an independent analytic library solution to price complex financial products on different markets (IR, Equity, Credit, Inflation, Hybrids, Commodities and FX).
The Pricing Partners solution enables users to comply with accounting standards evolution as well as regulation evolutions in a capital market industry related to independent valuation issues of OTC products. Price-it® principally targets asset-managers, financial departments of large banks, dealing rooms and audit firms. The company is based in Paris.