|OTCex Becomes Pricing Partners New Client - Jun 07|
OTCex Becomes Pricing Partners New Client
Paris, June, 2007 - Integrated directly into OTCex in-house information system, Price-it® will allow OTCex to benefit from its generic capabilities, its wide product coverage as well as tailor made library tools.
The customizations include a long term and short term Interest Rates Swap Pricer and a Foreign Exchange Swap Pricer for multiple markets.
Consequently, OTCex brokers will be able to provide their clients with improved valuation, optimized real time pricing and better adaptability to market changes plus a complete sector-based brokerage service and full client support.
“OTCex is an important addition to our client base. As we expand internationally, integrating all aspects of the financial market such as brokering, risk and asset management, banking, etc. is an important step in getting the recognition we need in the business”, says Eric Benhamou, CEO of Pricing Partners.
OTCex is an independent inter-dealer broker specialising in OTC derivatives and listed rate and equity products. OTCex intermediation services enable them both to execute orders as an agent or matched principal broker. OTCex clients can trade on financial markets under optimum conditions and anonymously if they wish.
OTCex was created by the successive combinations of seven interdealer brokerage firms. The firm is referenced by a wide range of clients (banks, institutional investors, hedge funds, etc) in Europe, providing it with strong access to fast growing markets. OTCex built its reputation on money markets and has since established a European franchise for all fixed-Income derivatives. www.otcex.com
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.