Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Data Management

09:18 AM
Connect Directly
RSS
E-Mail
50%
50%

Pricing Partners, ActiveEon Team Up for High Performance Valuation Solution

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.”

Register for Wall Street & Technology Newsletters
Video
5 Things to Look For Before Accepting Terms & Conditions
5 Things to Look For Before Accepting Terms & Conditions
Is your corporate data at risk? Before uploading sensitive information to cloud services be sure to review these terms.