Pricing Partners, an independent derivatives valuation provider, has established a technology partnership with ActiveEon to provide an ultra rapid solution for the valuation of derivative products.
The solution, called Price-it Excel Accelerated by ProActive, is based on the mathematical models for valuations provided by Pricing Partners and the distributed computing from ActiveEon, relying on its ProActive Parallel Suite.
The solution aims to increase the computing power of Price-it Excel and reduce the time for the valuation of portfolios of hundreds, or thousands of complex products.
In a statement, Eric Benhamou, CEO of Pricing Partners, said, “Pricing Partners’ valuation models are highly accurate; however, they can take time in calculation. This partnership with ActiveEon, which offers a very innovative solution, enables us now to provide our clients a solution that could reduce dramatically the computing time, and hence responds to a more obvious need in terms of computing power.”
Added Denis Caromel, main founder of ActiveEon, “Partnering with Pricing Partners, a leader in mathematic models, positions us in the financial grid computing field as a key Grid Computing actor with a robust, powerful and recognized solution. Integration with Price-it extends ActiveEon's leading enterprise grid technologies with the ability to deliver ‘Price-it Excel accelerated by ProActive’. This fully integrated solution should be very valuable to Pricing Partners’ existing and future clients for sizing the computing power effectively and rapidly.”