The two companies are thus facing up to the supervisory requirements in the market, and are offering a service that guarantees independent, transparent and quality-assured valuation of the entire portfolio for all asset classes.

Their first joint client is Metzler Investment GmbH. For Metzler Investment the service is managed via an individual process and covers all asset classes in the portfolio. In addition, the entire workflow can also be monitored and controlled via a number of different reports. A proprietary terminal is used for controlling and management purposes.

For this solution SIX Telekurs provides data from independent sources in addition to stock market prices. The Fair Value Pricing Service of SIX Telekurs - which currently calculates around 90,000 investment-grade bonds and floating rate notes according to transparent methods - plays a key role. Selected reference data which controls the entire workflow is also provided.

ValuePrice handles the daily delivery of valuations on special illiquid and/or structured instruments (CDO, MBS, ABS, derivatives, etc.). Moreover, at the request of the client, ValuePrice can also offer access to the underlying reference data in addition to valuing the instruments.

"By using this fully automated solution from a single source we achieve fairer and more transparent prices in line with IFRS and MiFID. In addition to substantially improving our coverage, we have been able to greatly reduce the amount of manual work involved as well as the number of interfaces needed", explains Andreas Schmidt, the manager responsible for the whole project at Metzler Investment GmbH.