Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that one of the largest US banks selected its platform Price-it online to double value its Interest Rate, Inflation and Equity derivatives products.
This bank, which wished to remain anonymous, decided to innovate in terms of its transparency and proximity with its clients. With this action, this bank has become a pioneer bank in responsible finance by offering access to an independent valuation on its OTC derivative products.
This bank was looking for a trusty and recognized solution. After an assessment of the available solutions, it selected Price-it online, Pricing Partner's online platform, because of the reliability of valuations and its large range of covered assets.
Eric Benhamou, CEO of Pricing Partners and ex Goldman Sachs quant, comments on the new arrival of this client "Being the independent valuation provider for this very large US bank is an outstanding landmark for our valuation platform, Price-it online. We feel very proud and grateful for the confidence that this bank showed us. With this new reference, we make an important step forward towards even more recognition for our models, our tools and our independent valuation platform. Hereby, we are underway to become the leading player in the field of transparency on the financial derivatives and structured products."