IHS Markit expands derivatives valuation service with DeriveXperts

IHS Markit has expanded its derivatives valuation services and team in Paris by buying DeriveXperts.

The company has acquired the provider of valuation services for OTC derivatives and other complex financial securities to complement and enhance its existing derivatives data and valuations businesses.

“IHS Markit strives to be the best source of independent valuations of OTC derivatives and other complex financial assets and this expansion shows our commitment to providing customers with exceptional coverage and quality,” said Gianluca Biagini, managing director for derivatives data and valuation services at IHS Markit. “DeriveXperts brings us a skilled team and a high-quality service that extends our offering for derivatives, particularly in equity-linked products, an area that we see growing across all of our customer segments.”

Headquartered in Paris, DeriveXperts specialises in daily and monthly computations of hard-to-value assets, such as equity derivatives, FX derivatives, interest rate derivatives and structured notes. The company is also designed to fulfil core regulatory requirements, with its services helping clients to comply with regulations such as EMIR, AIFM and IFRS13.

Through the purchase, IHS Markit also gains a strong client base in France and French-speaking Europe, including banks, investment managers, insurance companies, private banks and other types of wealth management firms.

HS Markit provides pricing and valuation services, including independent mark-to-market valuations and risk analytics, for vanilla and exotic OTC derivatives, fixed income cash products, private equity and illiquid debt investments. Valuations are accompanied by detailed inputs, liquidity metrics and reference data to provide maximum transparency and market context. Customers include insurance companies, asset managers, fund administrators, custodians and banks.

Nordea Bank recently selected IHS Markit to help it comply with the European Union Benchmarks Regulation. The Nordic bank said it will use IHS Markit Index Administration Services for its benchmark calculations, methodologies, periodic auditing and data distribution on indices referencing Danish government and mortgage bonds.

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