ICBC (Asia) requires an extremely accurate and versatile derivatives pricing tool for its traders. After several tests on various instruments, Pricing Partnersâ proprietary financial library, Price-it Excel, has proven its unrivalled accuracy on the calibration methods and models, user-friendly interface, highly transparent software design and efficient support services.
âBesides being a fast and accurate pricer, the intuitive design of Price-it Excel enables us to develop pricing templates of almost any innovative cross-asset structured products in a flash of a minute,â states Nicky Mak, Flow Derivatives Desk Head of Global Markets & Trading in ICBC (Asia). âWithout relying on any programming script, it makes the templates we build easier to be understood by the supervisory departments and regulators and hence smoothening the product approval process.â
Eric Benhamou, CEO of Pricing Partners added: âWe are very happy to have ICBC (Asia), the world leading bank, as one of our flagship references. This signature is a strong sign of the high quality of our software and services, as well as a milestone in Asia for Pricing Partners. We are very thankful and proud of the trust of ICBC (Asia). We are looking forward to working very closely with ICBC (Asia).â