Pricing Partners Cie
Your Independent Valuation Expert
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| Private | |
| Industry | Financial |
| Founded | Paris, Sep 2005 |
| Headquarters | Paris, London, Hong Kong, Paris, France |
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Area served
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Europe, Asia |
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Key people
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Eric Benhamou, Xavier Deschamps |
| Owner | Thomson Reuters |
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Number of employees
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25 |
| Website | http://www.pricingpartners.com |
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Footnotes / references |
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Pricing Partners, founded in 2005, is a Thomson Reuters company that is both a financial software editor and a valuation service company. It is headquartered in Paris with offices in Paris, London and Hong Kong. The company provides pricing models, analytics and independent valuation for the financial services market. The company has been identified by Microsoft France as one of the promising French startups that uses Microsoft technologies for its software development. The coverage of its financial library is on all major asset classes. This encompasses derivatives on asset classes like interest rates, credit, equity, inflation, foreign exchange, commodity, life insurance and hybrids. Since 2012, it also provides independent calculation and valuation on proprietary algorithmic indexes.
The product is addressing the needs for more transparency on financial products. Pricing Partners has developed an online platform (entitled Price-it) that provides independent valuation on OTC derivatives. The computations are based on scientific methods with mathematical probabilistic models (models extending the Black-Scholes model).
After a PhD in financial mathematics at the London School of Economics, and years of research in the fixed income exotics trading desk at Goldman Sachs, Eric Benhamou, a mathematician, returned to France to head a quantitative research group at Natixis. In 2005, he created Pricing Partners to offer independent valuation models with its primary customer Natixis.
In 2007, Pricing Partners decided to build the first French platform for independent valuation of derivatives, in a project supported by the French cluster Finance Innovation to promote the Paris market place and compete with the City of London.
In 2008, Pricing Partners unveiled a new version of its software that ran on a computing grid to reduce dramatically the computing time.
In 2009, Microsoft France identified Pricing Partners as one of the promising startups to develop software in finance with the use of the latest Microsoft technology. Pricing Partners was accepted in the IDEES program. The same year, Axa Hedging Services selects Pricing Partners to value part of its fixed income positions.
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