SIX Telekurs, a leading financial information provider, and FINCAD, a provider of industry standard financial analytics, are pleased to announce that they have signed agreements to extend their long-standing partnership.
The extended relationship allows FINCAD’s customers to take advantage of SIX Telekurs’ rich database of global securities prices in FINCAD’s online derivatives valuation service, Fair Value Insight, as well as in FINCAD’s Market Data service.
“The fact that SIX Telekurs’ market data is so broad and so deep is of tremendous benefit to our mutual customers as they seek alpha by extending their portfolios in new regions and new instruments alike”, said Amar Budhiraja, Director of the FINCAD Alliance Program. He continued, “Customers can improve the effectiveness of their risk and exposure analyses with the most current market prices, sourced directly by SIX Telekurs from the world’s leading exchanges and liquidity pools.”
At the same time, SIX Telekurs has formalized and extended its use of FINCAD analytics in its Evaluated Pricing Service. Customers can be assured of the quality and integrity of the analytical foundation of the service. This is especially important in the more tightly regulated, post-crisis environment, where it isn’t enough to simply apply evaluated prices. Now more than ever, financial institutions must endeavor to fully understand the methodology behind the valuations so that they may have confidence in the prices they use to value the illiquid or complex securities in their portfolios.
“As another dimension of SIX Telekurs’ commitment to transparency, the fact that FINCAD analytics are widely used and readily available makes it that much easier for us to engage in client conversations about valuation techniques and methodologies,” said Perry H. Beaumont, PhD, SIX Telekurs’ Head of Evaluated Pricing Research & Development. “We also welcome the ease with which we can feed data from our own rich database into FINCAD’s functionality, including real-time applications.”