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Home >> News & Events >> Press Release >> Pricing Partners Provides Smoother and Faster Greeks for its PDE Engine - Apr 2011
Pricing Partners Provides Smoother and Faster Greeks for its PDE Engine - Apr 2011

 

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Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today to enhance its derivatives pricing library with smoother and faster Greeks for its PDE engine.

In an effort to provide faster and smoother Greeks for its generic PDE engine, Pricing Partners has recently enhanced its generic PDE grid engine equipped with on-the-fly Greeks calculations with a fixed grid. This accelerates substantially the computation of the Greeks and provides very accurate delta, Gamma and theta for virtually any payoff computed with its generic PDE grid engine. 

Eric Benhamou, CEO of Pricing Partners and a former Goldman Sachs quant commented: “As clients are using more and more our platform for trading purposes, it becomes crucial to provide accurate and smooth Greeks. This improvement should give a strong advantage to our pricing platform and strengthen our leading position in the OTC derivatives pricing field.”

 

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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