NYSE Euronext Offers New Portfolio Valuations Service

PARIS-NYSE Euronext has unveiled a portfolio valuations service, dubbed Prime Source, following its acquisition of UK-based software vendor Lombard Risk Management's Independent Valuation and Risk Services (IVRS) business for £700,000.

NYSE Euronext will combine IVRS' 15 employees in London with the exchange's own valuations staff to produce a team of 22 dedicated to supporting the valuations service, though officials say NYSE Euronext will invest further in developing the business and recruiting

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