This new alliance will offer the broadest coverage of asset classes and geographical reach available, combining the technological and market strengths of both companies. The joint offering will help market participants manage investment and operational risk and regulatory compliance more easily and effectively across a vast range of securities.
âOur clients increasingly demand more global coverage and depth for their derivatives portfolio valuations. In SuperDerivatives we believe we have found the ideal alliance partner to create the most comprehensive and robust global coverage possible from one offering,â said Lou Eccleston, Executive Managing Director, Standard & Poorâs. âFor more than 35 years, Standard & Poorâs Securities Evaluations has been a leader in providing daily independent, mark-to-market valuations for market participants of all sectors. Joining forces with SuperDerivatives teams us with a leader in OTC and exchange-traded derivatives valuation and together we will form the largest independent revaluation service in the combined cash and derivative market place.â
The joint Standard & Poorâs Securities Evaluations-SuperDerivatives (S&P-SD) offering will provide both companiesâ models and market data-based pricing services to provide independent valuations for global instruments, including government, municipal and corporate bonds, syndicated loans, asset and mortgaged backed securities and money market instruments. Additionally, the services will cover âvanillaâ and âexoticâ OTC derivatives as well as exchange-traded derivatives on major asset classes including foreign currency, interest rates, commodities, energy, equities and credit.
âThis commercial venture between SuperDerivatives and Standard & Poorâs Securities Evaluations is aimed at enabling our customers from developed and emerging markets to effectively value the widest range of products in a single offering,â said David Gershon, SuperDerivatives Chief Executive Officer. âWhether they are from the buy or sell side, our customers will benefit from a âone stop shopâ experience with the objective of delivering the most accurate and reliable valuation service with significant economy of scale advantages. I believe that this alliance will form a new global standard for independent valuation service.â