The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

New Implementation of Massive Grid Computing Empowers Pricing Partners’ Valuation Service

Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that its impressive pricing tool, Price-it Valuation, is now empowered with massive grid computing to significantly accelerate the pricing speed for its flagship independent valuation service, Price-it® Online, delivered as a SaaS platform.

Price-it Valuation retrieves all the related deals, generates valuation reports, and exports the entire information containing deals and market data to a massive grid. The program interacts with Pricing Partners’ main solutions such as Price-it Online and the Price-it Library commercialized in Price-it® Excel. The embedded grid computing technology is designed to optimize pricing time performance. Hence, the valuation computing time is remarkably increased to 500 deals per minute.

By integrating grid computing technology into the Price-it Valuation tool, Price-it Online dramatically improves the usability to eliminate time-out interruption, speeds up the valuation report generation and guarantees the pricing process as each step is performed under Pricing Partners’ internal secured network. Price-it Online users are able to simultaneously price multiple deals or execute various simulations, and therefore benefit from a substantially reduced workload.

Mr. Kodjo Klouvi, Quantitative Computer Engineer at Pricing Partners commented, “By focusing on the features most commonly used in grid computing, we obtain optimal utilization of the underlying infrastructure. The valuation of our clients’ derivative portfolios is much faster. The grid computing technique allows Pricing Partners to offer our clients high quality services.”

Mr. Eric Benhamou, CEO of Pricing Partners, added: “The massive grid computing techniques allow us to make another step towards a large industrial framework and to position Pricing Partners a leader in the independent valuation service space. With this upgrade, we can now serve the whole industry in terms of valuation transparency and price discovery.”

Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, Pricing Partners has become a major player in the financial derivatives fields in the past two years. In October 2008, Pricing Partners launched its Internet independent valuation platform, Price-it Online, which affirms its leading place in financial modeling as well as an independent valuations provider. Designed for all major assets like Interest Rates, Equity, Inflation, Credit, Foreign Exchange, Commodities, and Life Insurance to Hybrid products, Price-it comes either as a software tools or an Internet Platform, providing all the tools for the transparent valuation on structured products. Price-it online uses cutting edge mathematical models together with a new language to describe the complexity of any structured products.

Related content

WEBINAR

Upcoming Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

Date: 8 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away....

BLOG

SimCorp Partners Domos FS to Offer Cross Asset Investment Management for Public and Private Markets

SimCorp has partnered with Domos FS, a provider of solutions for alternative assets fund management, to deliver front-to-back-office investment management covering both public and private markets for asset managers, asset owners and service providers. SimCorp has also taken an initial minority stake in Domos FS. The partnership has been made in response to increased use...

EVENT

RegTech Summit Virtual (Redirected)

The highly successful RegTech Summit Virtual was held in November 2020 and explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. The event featured daily live keynotes, panel discussions, presentations, fireside chats and Q&A sessions with content available on demand over five days.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...