30 July 2014

SIX extends pricing service to structured products

12 February 2013  |  1132 views  |  0 Source: SIX INformation Systems

SIX Financial Information and Derivative Partners Research announced a global agreement to produce and distribute independent valuations for structured products.

SIX Financial Information, a premium provider of global financial information, announced the expansion of its Evaluated Pricing Service (EPS) to include a wider range of structured products and complex derivative instruments through a global agreement with Derivative Partners Research, a leader in independent risk management and valuation services of structured products. The ongoing expansion of EPS, aims to maximize coverage of client portfolios, so that financial institutions could rely on one reliable source for all their valuation needs.

"This strategic partnership allows us to bring our valuation capabilities to a larger audience," said Andreas Kropf, Managing Director of Derivative Partners Research. "In particular we can leverage our existing solid and scalable architecture for providing independent valuation and use our flexible approach for integrating new payoffs and pricing models."

The first client to benefit from the addition of complex derivatives has been signed, and the capability will be rolled out to a wider audience over the coming weeks. The current service combines result sets for various asset classes (such as equity, indices, FX and commodities), payoffs and pricing models.

Ian Blance, Head of Evaluated Pricing Business Development of SIX Financial Information stated, "Our clients have to be able to stand behind and provide a full audit trail for pricing of financial instruments, especially where market pricing is either unavailable or inconsistent. By adding the capabilities of Derivative Partners Research for structured products and complex derivative valuations to our existing services we are standing by our commitment to assist clients in meeting all of their objective pricing needs."

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