price-it® framework

PRICE-IT® FRAMEWORK
A PREMIUM PRICING INTEGRATION SOLUTION
FOR YOUR IN-HOUSE SYSTEM
THOMSON REUTERS’ PRICING SERVICE BRINGS YOU
CUTTING-EDGE PRICING ANALYTICS FOR ALL DERIVATIVES,
FROM VANILLA OPTIONS TO THE MOST COMPLEX STRUCTURES.
Price-it® Library is a financial analytic pricing engine, designed to price and calculate the risk inherent in OTC derivatives and structured
products, including interest rates, FX, equities, inflation, commodities (not energy), credit, life insurance and hybrid products.
• Standard C/C++ and Java Interfaces
Large sets of C++/Java components allow users to
customize their own pricing system
• Multiplatform XML Interface
Designed in XML, Price-it® Framework is based on
Price-it® Markup Language, which contains all necessary
elements for pricing, such as deal descriptions, market
data and model settings.
Infrastructure/Connectivity
• Supports the main operating systems (Windows, Linux,
Solaris, etc.)
Price-it© Framework
Multiple Interfaces
Plug & Play
Integration
Price-it® Framework includes both an API (Application Programming Interface) and Source Code development platform. This flexible,
high-level C++ API efficiently embeds advanced derivatives pricing capabilities into any banking information system, website or
application without the need for additional programming. The framework allows seamless integration of Price-it® Library into STP
(straight-through processing) solutions.
Price-it©
Portfolio
Third party system
(risk, booking, reporting, etc.)
Java
Interface
C++
Interface
XML
Interface
COM
Pricing API (C++)
Price-it©
Excel
XLOper
Wrapper
Price-it© Library C++ Core Library
• Available under various programming languages,
including C/C++, JAVA, C#, Python, etc.
• Compatible with client server frameworks and grid
computing middleware
KEY FEATURES
• An award-winning pricing and analytics solution since
2010
• High performance computation
• An extensive quantitative pricing library with best market
practice pricing models and numerical methods, to ensure
a high degree of accuracy
• High level design based on XML for easy integration with
client in-house systems
• 100% transparent pricing process with the capacity to
audit each pricing parameter
• Flexible architecture and simple data formats
• Risk measurement reports on CVA, DVA, VaR
• Outstanding asset class coverage
• Seamless integration with Eikon data
• A strong focus on hard-to-value OTC derivatives and
complex structured products
• Supports other providers’ data or clients’ feeds
• Thread safe library
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• Simple, generic payoff description language
Price-it® Framework
KEY REFERENCES
Price-it® Framework is actively used within:
END-USER BENEFITS
• Accelerates your time to market
• TRPS valuation solution (Thomson Reuters)
• Reduces research and development resources
• Price-it® Online (Pricing Partners)
• Utilizes your preferred interface
• Kondor+ Structured Products (Misys)
• A completely transparent pricing process
• Front ARENA, Panorama (Sungard)
PRICE-IT® FRAMEWORK
MARKUP LANGUAGE
• Describes a pricing message in XML with:
• Deal description
• Pricing configuration (model, numerical method, etc.)
• Market data and fixings
• Greeks
• Integrates easily with descriptive data
• Input and Output Price-it® Framework Markup Language
PRICE-IT® FRAMEWORK IMPORT
• Import Price-it® Framework XML file into an Excel
spreadsheet for rapid debugging
• Check all pricing details within Excel
• Resolve price challenges in the event of a price discrepancy
Pricing Partners
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ABOUT PRICING PARTNERS
Pricing Partners, part of Thomson Reuters, is an international software provider of derivatives pricing analytics and a
valuation service provider for all OTC derivatives ranging from vanilla to the most complex exotic and hybrid structures, as
well as proprietary algorithmic indices. Its best-of-breed financial library, Price-it®, in stand-alone or SaaS mode, covers all
major asset classes: interest rates, equity, inflation, credit, foreign exchange, commodities, variable annuities and hybrid
products. Pricing Partners’ intrinsic knowledge and innovative solutions empower financial institutions to achieve accurate
and transparent valuations on their derivative structures. Pricing Partners is the award winner of Structured Products
Technology Rankings from 2010 to 2014.
In 2013, Pricing Partners became a part of Thomson Reuters to combine our industry-leading OTC derivatives position with
the brand reputation, scale and broad capabilities of Thomson Reuters Pricing Service.
FOR MORE INFORMATION, PLEASE CONTACT US:
[email protected]
WEBSITE:
www.pricingpartners.com
ABOUT THOMSON REUTERS
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise
with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting,
intellectual property and science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares
are listed on the Toronto and New York Stock Exchanges.
For more information, go to http://thomsonreuters.com.
© 2014 Thomson Reuters GRC01327/7-14