Pricing Partners, the independent revaluation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry, has chosen its revaluation platform Price-it Online to address their requirements in performing independent revaluation of complex OTC derivatives for a rapidly growing Indian market.
This agreement is the first of what hopes to be the prosperous future of Pricing Partners in the region, and acknowledges the company's presence in the global community.
Pricing Partners' Price-it Online is available for all major asset classes of derivatives: interest rates, credit, foreign exchange, equities, inflation, commodities, life insurance (variable annuities), energy and hybrids. It incorporates Pricing Partners' advanced analytics and models with company proprietary market data as input, providing unmatched coverage and true market values for an extremely broad range of structures- from the vanilla to the most exotic instruments. The Price-It Online platform's, flexible architecture provides a perfect match to a dynamic and constantly evolving environment. With Pricing Partners' innovative SaaS solution, Pyxis Systems will establish a competitive edge on complete and transparent revaluation for derivatives and structured products in the Indian market.
Mr. Nandlal Bhatkar (Johnny) from Pyxis commented "Pricing Partners has always been a progressive force in the derivatives revaluation field. Therefore, we are proud to work with them. This opportunity allows us to bring our clients a higher degree of transparency in the revaluation process of complex OTC derivatives instruments in India. We trust Pricing Partners' expertise and dedicated services based on their accuracy and distinguished reputation."
Mr. Eric Benhamou affirmed "Pricing Partners has established itself as a major player in the independent revaluation in Europe. It is the right time for Pricing Partners to start our global expansion across other continents. We already signed something in Hong Kong. This latest deal with a major reference like Pyxis allows us to penetrate Asia with high credentials and get a feeling for revaluation requirements in this continent. We are very proud to work with Pyxis and will put high commitment and resources to make this collaboration a success"