|EXANE Becomes Pricing Partners New Client - Jun 07|
EXANE Becomes Pricing Partners New Client
Paris, June 2007 - Although specialised in Equity Derivatives and Structured Products, Exane is occasionally faced with the task of valuing Credit Derivatives, Fx and Interest Rates as well as Hybrid Products. Therefore, Exane opted for an independent solution which consisted of acquiring a pricing solution from a company with top expertise and professionalism in independent valuation and innovative and accurate pricing models.
After steep competition with leading software vendor solutions, Pricing Partners Price-it® library was selected as being the best suited solution to complement Exane’s existing services.
With its generic capabilities and wide product coverage including Credit, Interest Rates, Fx, and Hybrid Products; Price-it® will insure accurate and real time valuation of structured products, allowing Exane to optimise its services towards clients.
Exane is an investment company figuring amongst the top independent players in Europe and specialised in 3 areas of expertise: Equity intermediation – activity exerted under the brand Exane BNP Paribas; Equity Derivatives and structured products; management of user accounts and third party accounts. Exane provides services with strong added value thanks to its expertise in research and execution, and a mature platform as regards structured product emissions.
Historically aimed at an institutional client base implemented worldwide, the group is also developing its derivative products for new client segments including private management and consultants in private banking. Exane has offices in Paris, London, Frankfort, Milan, Zurich, Geneva, New York and Singapore. www.exane.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.