StatPro enriches complex asset pricing service for investment managers

London - 12 October 2009

StatPro Group plc, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announces two enhancements to its system for pricing complex financial assets.

T+0 pricing for credit default swaps and 142 new bond-pricing functions have been added to the software-as-a-service.

Complex Asset Pricing (CAP) produces model prices for OTC Derivatives and complex/illiquid bonds. The initiative covers instruments such as Interest Rate Swaps, Credit Default Swaps on single names and baskets, FX Forwards and Equity Options - that need a ‘complex’ valuation model and traded market data to be priced.

There is a strong demand in the market for independent, transparent and accurate pricing of complex assets at competitive rates. The service is aimed at performance teams, valuation teams, auditors and back office staff at large or small investment management firms, custodians and hedge funds if they are managing, administering or are investing in assets of a complex nature.

“We can now deliver T+0 prices for CDS combined with an intra-day pricing run for all asset classes,” said Dario Cintioli, Global Head of Risk at StatPro. “We have also added 142 pricing functions of complex and illiquid bonds to CAP giving us a total of 154 pricing functions for complex assets. We believe this makes our service one of the most comprehensive available on the market.”

“We are constantly investing to improve our complex asset pricing service. We already have a number of clients live on the system today and this enhancement makes the service extremely attractive to a much wider audience.” said Justin Wheatley, CEO at StatPro. “With 154 pricing functions our service is the equal of any other in the market in terms of coverage and we believe the best value of any.”

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