Thomson Reuters has acquired Pricing Partners SAS, an international software developer and provider of OTC (over-the-counter) derivative pricing analytics and services for financial firms. Pricing Partners will complement Thomson Reuters Pricing Service (TRPS), a global solution that provides evaluated prices to support portfolio, fund and single security valuations.
The evaluated pricing space continues to grow at double digits based on increased regulation and demand for independent, transparent pricing.
The acquisition of Pricing Partners builds on Thomson Reuters leading position as a provider of independent evaluated pricing to the global financial community. Thomson Reuters and Pricing Partners already have an established and successful working relationship under which Thomson Reuters has used Pricing Partners Price-it®, a proprietary financial library covering all major asset classes. Terms of the agreement were not disclosed.
About Pricing Partners: Pricing Partners SAS is an international software developer of OTC derivative pricing analytics and a service provider of independent valuation for all derivatives ranging from vanilla to the most complex exotic and hybrid structures. http://www.pricingpartners.com/
Source: Presreleasepoint.com
