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Thomson Reuters Acquires Derivatives Pricing Firm

Thomson Reuters says it has acquired Pricing Partners, a software developer and provider of OTC derivative pricing analytics and services for financial firms. Terms of the deal were not disclosed.

The firms say Pricing Partners will complement Thomson Reuters Pricing Service (TRPS), a 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,” Thomson Reuters says.

The analytics service covers structured notes, interest-rate, equity, credit, commodities and FX derivatives, as well as hybrid products.

“In today’s economic environment, regulatory requirements and continued economic recovery pressures are driving demand for independent and transparent evaluated pricing services that are specialised to offer local market expertise,” says Debra Walton, managing director and head of enterprise content at Thomson Reuters.

The two firms already have an established working relationship under which Thomson Reuters has used Pricing Partners Price-it, a proprietary financial library covering all major asset classes: interest rates, equity, inflation, credit, foreign exchange, commodities, life insurance and hybrid products, to provide pricing services through its proprietary delivery platform, Thomson Reuters DataScope, reaching over 2300 clients worldwide on a daily basis.

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