SIX FinanciaI Information and Derivative Partners Research unite for Structured Products Valuations
Zurich, Switzerland – SIX Financial Information and Derivative Partners Research announced a global agreement to produce and distribute independent valuations for structured products.
SIX Financial Information, a premium provider of global financial information, announced the expansion of its Evaluated Pricing Service (EPS) to include a wider range of structured products and complex derivative instruments through a global agreement with Derivative Partners Research, a leader in independent risk management and valuation services of structured products. The ongoing expansion of EPS, aims to maximize coverage of client portfolios, so that financial institutions could rely on one reliable source for all their valuation needs.
“This strategic partnership allows us to bring our valuation capabilities to a larger audience,” said Andreas Kropf, Managing Director of Derivative Partners Research. “In particular we can leverage our existing solid and scalable architecture for providing independent valuation and use our flexible approach for integrating new payoffs and pricing models.”
The first client to benefit from the addition of complex derivatives has been signed, and the capability will be rolled out to a wider audience over the coming weeks. The current service combines result sets for various asset classes (such as equity, indices, FX and commodities), payoffs and pricing models.
Ian Blance, Head of Evaluated Pricing Business Development of SIX Financial Information stated, “Our clients have to be able to stand behind and provide a full audit trail for pricing of financial instruments, especially where market pricing is either unavailable or inconsistent. By adding the capabilities of Derivative Partners Research for structured products and complex derivative valuations to our existing services we are standing by our commitment to assist clients in meeting all of their objective pricing needs.”
About SIX Financial Information
SIX Financial Information is a leading global provider of data services and solutions for financial and insurance firms, corporations and the media. Aggregated in real-time from over 1,500 worldwide sources, SIX’s financial information is comprised of corporate actions, pricing, reference and market data for 16 million instruments and
is unique in terms of information depth, breadth and structure. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer financial specialists comprehensive data services for securities administration, risk management and compliance, investment advisory, and portfolio management.
Financial Information is one of four business areas of SIX which offers global premium services in securities trading, clearing and settlement, payment transactions, and financial information.