SIX Financial Information enhances Evaluated Pricing Service with auction rate securities valuations from Pluris

Zurich (Switzerland) - Since the collapse of the auction rate securities market in the US in 2008, holders of these now illiquid instruments have struggled to find reliable secondary market quotes and price clarity. Now, with best-of-breed evaluated pricing from Pluris Valuation Advisors LLC, SIX Financial Information’s clients can value their auction rate securities with confidence.

While SIX Financial Information has offered evaluated pricing for a wide range of OTC derivative, fixed income, and illiquid instruments for many years, auction rate securities (ARS) have proved to be a particularly difficult class of assets to value. With Pluris’ extensive database covering thousands of recent transactions and its relationship with SecondMarket, which is currently the only active auction rate trading venue, Pluris is able to provide an additional element of certainty in their evaluated prices far beyond what other providers can deliver.

“Many factors should be considered in any evaluation, but recent transactions of similar assets are especially relevant,” said Bob Sangha, Senior Product Manager, Evaluated Pricing at SIX Financial Information. “Because Pluris is focused on the ARS market, they have a broad database of recent sales and quotes available for use in their evaluations. This critical element gives a great deal of credibility to their results, and we are pleased to be able to offer this dependable and established service to our customers.”

The Pluris auction rate pricing available through SIX covers municipal, student loan and preferreds. It is integrated with SIX Financial Information’s own proprietary evaluations for fixed income, interest rates, FX, credit, equity and commodity instruments, which includes valuations from other leading third parties. Rounding out the service is SIX Financial Information’s wealth of security master data for the ARS universe as well as millions of other globally traded equity, fixed income and derivative instruments.

“Our focus is primarily on collecting the most robust input data for our models and providing the highest quality, most accurate valuations possible for auction rate securities,” said Espen Robak CFA, President of Pluris. “So to be able to distribute our service alongside SIX Financial Information’s own best in class evaluated pricing through their extensive, global network of offices is a tremendous advantage. We especially look forward to working with SIX as their values of service and quality are closely aligned with our own.”

A propos de SIX Financial Information

SIX Financial Information occupe une place prédominante, au niveau mondial, dans la fourniture de services de données et de solutions à destination des organismes financiers et d'assurance, des entreprises et des médias. Intégrée en temps réel à partir de plus de 1 500 sources de par le monde, l'information financière de SIX est composée de données de référence, de données de marché, d'Opérations Sur Titres et de prix sur plus de 16 millions d'instruments et est unique en termes de profondeur, de couverture et de structure. Avec des bureaux implantés dans 23 pays, SIX combine les avantages d’une présence locale à une dimension internationale, offrant ainsi des services de données pertinents aux professionnels de la gestion de référentiels titres, de la gestion des risques et de la conformité, du conseil en investissements, et de la gestion de portefeuilles. 

Financial Information est l'un des quatre domaines d'activité de SIX qui offre au niveau international des services de qualité dans les domaines du négoce et du règlement de titres, des transactions de paiement et de l'information financière.

Contact

SIX Financial Information
Marketing Communications
Jeanette Babik
T +41 58 399 5154
marketing@six-financial-information.com

SIX
Media Relations
Jürg Schneider
T +41 58 399 2129
pressoffice@six-group.com

Pluris
David Kowal
Kowal Communications Inc.
T +1 508 393 7023
kowal@kowal.com