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

A-Team Insight Blogs

StatPro Launches SaaS System for Pricing of Complex Financial Assets

Share article

StatPro Group has launched a new software as a service (SaaS) offering for the pricing of complex financial assets. The new system covers instruments that the vendor describes as needing a complex valuation model and traded market data to be priced, including interest rate swaps, credit default swaps on single names and baskets, FX forwards and equity options.

According to the vendor, its complex asset pricing (CAP) service offers a pricing challenge process that allows clients to query the price that they receive using what it calls a “fully transparent” approach. Dario Cintioli, global head of risk at StatPro, elaborates: “The price challenge is unique in the market. Other companies provide pricing data, but we can take the mystery away from the process. The purpose of a price challenge is to understand the origin of a difference between pricing sources. The price challenge then allows the client to act based on reliable information.”

The service is aimed at performance teams, valuation teams, auditors and back office staff at large or small investment management firms, custodians and hedge funds if they are managing, administering or are investing in assets of a complex nature, says the vendor. Other instruments will be added in early 2009, including equity certificates and FX options.

The vendor says that the service uses multiple sources for input data, along with QuantLib2, StatPro’s own proprietary financial library in order to ensure independence. Justin Wheatley, CEO at StatPro, adds: “It’s about bringing transparency and clarity into the pricing process and delivering true valuations.”

Related content

WEBINAR

Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?

The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...

BLOG

NeoXam Partners With ICE on Pricing, Reference Data

Financial software firm NeoXam, which specialists in transaction software solutions, has integrated ICE Data Services’ pricing and reference data into its Enterprise Data Management (EDM solution). The new partnership will give NeoXam customers access to pricing, fixed income evaluated prices, reference data and corporate actions from ICE Data Services. The data will be available through...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...