London/Hong Kong – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its complex structured products and OTC derivatives pricing and analytics solution, Pricing Partners, has been named Technology Innovation Provider of the Year for Asia by Structured Products Magazine.

The Structured Products Technology Awards process is a widely respected industry award program, composed of a set of rigorous selection criteria and a full assessment of client testimonials. According to Structured Products editors, Thomson Reuters strong brand name, the extension of its modelling library and a new web services technology framework have all contributed to the company’s success in the technology innovation category.

“This award recognises the intelligence and hard work that have been put into Thomson Reuters independent evaluated pricing service, Thomson Reuters Pricing Service, which is a key area of growth,” said Marion Leslie, managing director of Pricing and Reference Services at Thomson Reuters. “We have focused on building out the necessary transparency information customers need to comply with regulations, as well as developing new intra-day timings for Asia and will continue to make this solution even stronger in the future.”

Thomson Reuters acquired Pricing Partners in June 2013 combining the industry-leading OTC derivatives position with the brand reputation, scale and broad capabilities of Thomson Reuters Pricing Services. Becoming part of Thomson Reuters marked an important milestone for Pricing Partners’ development. With continued focus on innovation to structured products pricing and analytics, Pricing Partners progressed significantly on both quantitative research for new models and technology platforms. It has added new stochastic local volatility models and support for products such as exotic versions of target accrual redemption notes and target accrual redemption forward notes, as well as the Nelson-Siegel-Svensson model for estimating yield curves.

Thomson Reuters Pricing Partners 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.

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 (symbol: TRI). For more information, go to www.thomsonreuters.com.