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Daewoo Securities Selects Pricing Partners’ Financial Analytics Solutions - Feb 2011

 

Pricing Partners Derivatives-Pricing-Analytics-Independent-Valuation    Pricing Partners - Daewoo Securities
 

Daewoo Securities Selects Pricing Partners’ Financial Analytics Solutions

Pricing Partners (www.pricingpartners.com), the world leading derivatives independent valuation, mathematical models and pricing analytics provider, announced today the signing of Daewoo Securities, the largest stock brokerage and investment banking firm in South Korea, as the its first South Korean client. The agreement was signed through its regional partner Belatos. 

 

Under this groundbreaking agreement, Daewoo Securities will deploy Pricing Partners’ entire financial pricing and analytics solutions, Price-it Library suite including Price-it Excel, Price-it API and Price-it Source Code for their exotic derivatives and structured products management. With Pricing Partners’ advanced pricing tools and source code solutions, Daewoo Securities will be able to further expand and strengthen its depth of products’ coverage, better manage risks and reply effectively to regulators’ requirement.  

Mr. InHo Kim, General Manager, Ph.D. at Financial Engineering Department of Daewoo Securities comments: "We have chosen Price-it after comprehensive and careful review of several similar products in the market. Price-it has the most sophisticated pricing analytics and the most advanced IT technologies among all products tested. Furthermore, the Price-it Source Code makes it possible to truly integrate Price-it into the Daewoo Securities' existing in-house pricing library. While other 3rd party valuation tools are mainly for purely front desk purposes only, like quoting and validating prices, Price-it seems to be the first product that could replace or, at least, supplement the in-house pricing library, in its strict sense." 

Eric Benhamou, CEO of Pricing Partners added: “We are very pleased to sign with Daewoo Securities. This is a major reference for us. This is the result of a very close work with our distribution partner, Belatos and Daewoo Securities quantitative and front office teams to show the great added value of the solution. Thanks to Price-it Source Code, Daewoo Securities should be able to use, integrate, develop and roll over seamlessly our award winning solution to all the trading desks. We are therefore very thankful for Daewoo Securities’ high commitment in our solution and looking forward to implementing the whole solution to their system.”  

 

About Daewoo Securities

 

Daewoo Securities is the biggest derivatives house in Korea. Since the beginning of derivatives-linked structured products market in Korea in 2003, Daewoo Securities has led the market in expanding the spectrum of products both quantitatively and qualitatively. The house has ranked top in derivatives-linked products issue and hedging in Korea in 2010 and is actively expanding its business into non-equities products area.

 

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 with full transparency.

Pricing Partners delivers: 

  • Price-it® Online, an independent revaluation website for vanilla to the most exotic financial products 
  • Price-it® Excel, a latest generation financial library using a payoff language and cutting edge models 
  • Price-it® Source code, an extensive and professional development platform 
  • Price-it® API, a platform for seamless integration of pricers and analytics into STP solutions 
  • Price-it® for Kondor+ Suite®, a pricing library integrated into Thomson Reuters Kondor+ Suite® 
  • Price-it® for Summit MUST®, a financial library integrated into Misys Summit 

Pricing Partners offers cover commodity, credit, equity, fixed income, fx, funds, inflation, interest rates, life insurance and hybrids OTC products. They are widely adopted by investment banks, asset management firms, hedge funds, corporations, pension funds, fund administrators and audit firms. 

Pricing Partners holds offices in Paris, London, Singapore and Hong Kong. Its solutions have been ranked number 1 in Pricing and Analytics by Structured Products Magazine in 2010. 

 

Media Contact: 

Yuxin Mao 

Pricing Partners 

Direct: +33 1 70 60 72 46 

Fax: +33 1 70 60 72 31 

Email:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

http://www.pricingpartners.com 

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