Hana Daetoo Securities to Expand Relationship with Pricing Partners
Pricing Partners, the world leader in OTC derivatives pricing analytics, athematical models and independent valuation, announced March 20 that Hana Daetoo Securities will expand relationship with Pricing Partners.
Hana Daetoo Securities, the investment banking subsidiary of Hana Financial Group, has been a direct client of Pricing Partners since March of 2011.
Pricing Partners’ flagship derivatives pricing solution, Price-it Excel, leverages Excel to price and value with a generic and intuitive language and cashflow, allowing the description of virtually any product. Featured for its flexible market data inputs and accurate calibration methods and models, Price-it Excel gained the confidence of Hana Daetoo Securities in 2011.
After one year deployment of Price-it Excel, Hana Daetoo Securities decided to switch off another provider and increase its use of Price-it Excel. The key factors in the decision were Pricing Partners’ efficient and reactive local support based in Hong Kong and willingness to understand and address their needs. With Pricing Partners’ advanced pricing tool, Hana Daetoo Securities will reinforce and improve the pricing performance of its derivative portfolios.
Eric Benhamou, CEO of Pricing Partners added: “We are very pleased to see that Hana Daetoo Securities was satisfied with our pricing tool and effective support services last year and choose to further the customer relationship with Pricing Partners. We believe that our award winning solution and real-time client-oriented services will allow us to continue building a long term relationship with our customer in the future.