Ratings agency Standard & Poor's, and derivatives experts SuperDerivatives, have announced an alliance to create the world's largest independent revaluation service in the combined cash and derivatives market place.
David Gershon, SuperDerivatives CEO, commented that the venture will enable customers from developed and emerging markets "to effectively value the widest range of products in a single offering."
"Whether they are from the buy- or sell-side, our customers will benefit from a one stop shop experience with the objective of delivering the most accurate and reliable valuation service with significant economy of scale advantages," Gershon added. "I believe that this alliance will form a new global standard for independent valuation services."
Lou Eccleston, Executive Managing Director, Standard & Poor's, said: "Our clients increasingly demand more global coverage and depth for their derivatives portfolio valuations. In SuperDerivatives we believe we have found the ideal alliance partner to create the most comprehensive and robust global coverage possible from one offering,"
"Joining forces with SuperDerivatives teams us with a leader in OTC and exchange-traded derivatives valuation and together we will form the largest independent revaluation service in the combined cash and derivative market place."