Pricing Partners
TypePrivate
IndustryFinancial
FoundedParis, Sep 2005
HeadquartersParis, London, Hong Kong,
Paris
,
France
Area served
Europe, Asia
Key people
Eric Benhamou, Xavier Deschamps
OwnerThomson Reuters
Number of employees
25
Websitepricingpartners.com
Footnotes / references
[1]

Pricing Partners, founded in 2005, is a Thomson Reuters company that is both a financial software editor and a valuation service company. It is headquartered in Paris with offices in Paris, London and Hong Kong. The company provides pricing models, analytics and independent valuation for the financial services market. The company has been identified by Microsoft France as one of the promising French startups that uses Microsoft technologies for its software development. The coverage of its financial library is on all major asset classes. This encompasses derivatives on asset classes like interest rates, credit, equity, inflation, foreign exchange, commodity, life insurance and hybrids. Since 2012, it also provides independent calculation and valuation on proprietary algorithmic indexes.

Product

The product is addressing the needs for more transparency on financial products. Pricing Partners has developed an online platform (entitled Price-it) that provides independent valuation on OTC derivatives. The computations are based on scientific methods with mathematical probabilistic models (models extending the Black–Scholes model).[2]

History

After years of research in the fixed income exotics trading desk at Goldman Sachs, Eric Benhamou, returned to France to head a quantitative research group at Natixis. In 2005, he created Pricing Partners to offer independent valuation models with its primary customer, Natixis.[3]

In 2007, Pricing Partners decided to build the first French platform for independent valuation of derivatives, in a project supported by the French cluster Finance Innovation to promote the Paris marketplace and compete with the City of London.[4]

In 2008, Pricing Partners unveiled a new version of its software that ran on a computing grid to reduce dramatically the computing time.[5]

In 2009, Microsoft France identified Pricing Partners as one of the promising startups to develop software in finance with the use of the latest Microsoft technology. Pricing Partners was accepted in the IDEES program.[6] The same year, Axa Hedging Services selects Pricing Partners to value part of its fixed income positions.[7]

In 2010, Societe Generale Corporate & Investment Banking taps Pricing Partners to provide independent valuation on its structured products.[8]

In 2011, this company received the award for the best pricing and analytics solution for structured products in all asset classes. This award was given by Structured Products Magazine.[9] The same year, ICBC, the largest bank worldwide, signed with Pricing Partners.[10]

In 2012, Pricing Partners receive a new distinction ranking by the Structured Products magazine in the category of structured products' valuation software. The same year, Pricing Partners started commercializing an independent valuation solution for proprietary and algorithmic indexes and tapped Natixis.[11]

In 2013, Pricing Partners continues to be named to the Structured Products magazine ranking in the structured products' valuation software.[12] In June 2013, the company is acquired by the Thomson Reuters group.[13] Finally, in December, Pricing Partners is named the Most Innovative Specialist Vendor of the year by Risk Magazine[14]

Competitors

Pricing Partners' main competitors are:

  • for its software business: Numerix, SunGard-FastVal, Fincad
  • for its valuation business: Bloomberg, Markit, SunGard-FastVal, Prism Valuation, SuperDerivatives, Societe Generale Security Services

References

  1. ↑ "Company Overview of Pricing Partners SAS". Businessweek. Retrieved 10 September 2012.
  2. ↑ "Pricing Partners makes the management of financial product much easier". 01 Informatique Magazine. 9 February 2007.
  3. ↑ "History of Pricing Partners, Inter Régions n° 270" (PDF). ENSAE. Ensae Magazine. February 2007.
  4. ↑ "the Finance Innovation cluster on the road". AGEFI. 12 July 2007. Archived from the original on 20 April 2012.
  5. ↑ "Pricing Partners to leverage grid computing resources". AGEFI. 26 June 2008. Archived from the original on 15 October 2014.
  6. ↑ "Young French company leads the way in financial software innovation". Microsoft. 1 September 2009. Archived from the original on 4 August 2012.
  7. ↑ "Axa hedging services selected Pricing Partners". AGEFI. 28 April 2009. Archived from the original on 3 April 2013. Retrieved 21 July 2013.
  8. ↑ "Pricing Partners Selected by Société Générale Corporate & Investment Banking to Provide Independent Valuation of its Derivatives". A-Team. 20 May 2010.
  9. ↑ "Technology vendor rankings 2011: The results". Risk Magazine. 1 April 2011.
  10. ↑ "ICBC Asia Moved to Pricing Partners' Derivatives Pricing Analytics". Asia Trading. May 2011.
  11. ↑ "Natixis Taps Pricing Partners for Index Calculation". Waters technology magazine. 12 July 2012.
  12. ↑ "Structured Products Technology Rankings 2013". Structured Products Magazine. March 2013.
  13. ↑ "Thomson Reuters Acquires OTC Derivatives Pricing Analytics Provider, Pricing Partners". Thomson Reuters. June 2013. Archived from the original on 16 June 2013.
  14. ↑ "Pricing Partners named the Most Innovative Specialist Vendor of the year by Risk Magazine". Thomson Reuters. December 2013. Archived from the original on 26 December 2013. Retrieved 24 December 2013.
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