Buy-Side Technology Awards 2016: Best Buy-Side Pricing/Valuation Service—Thomson Reuters

“This win is a testament to our commitment to providing the global buy-side community with the extensive, high-quality, cross-asset data and solutions they need to accurately value their portfolios, mitigate risk, and comply with global regulation,” Fagas says.

The Thomson Reuters Pricing service provides an evaluation process that adheres to strict validation methodologies. Fagas says the vendor’s pricing tool has depth and breadth of coverage, quality of service, and transparency of valuations that sets it apart from other pricing services in the space.

Its evaluations process also includes reviews of unchanged prices, daily tolerance breaks, and risk-free curve analysis. Customers are provided with detailed, transparent views into how prices are derived. This transparency extends to pricing methodologies and recipes, market color and other types of data.  

Another way the Thomson Reuters Pricing service differentiates itself in an increasingly crowded market, according to Fagas, is through its global team of approximately 175 fixed-income experts and 4,700 data professionals that support its clients around the world.

The vendor unveiled enhancements to the service in the past year, including additional capabilities for its intra-day pricing service, which now provides almost daily updated evaluated prices for public and non-public short-term money market instruments, allowing fund managers to address the demands around net-asset value calculations and increased transparency. 

Customers are provided with detailed, transparent views into how prices are derived. This transparency extends to pricing methodologies and recipes, market color and other types of data.

This underscores the need to provide greater transparency under regulations like Dodd–Frank, IFRS 9 and IFRS 13. “Customers need to be able to defend the evaluated prices they use, and in order to do that, they need to know the inputs, methodologies and calculations that lie behind the valuations,” Fagas says. “Thomson Reuters Pricing already provides a level of transparency that supports regulator and operational requirements, and we are continuing to build on this by developing new transparency measures.”

Thomson Reuters is also expanding its municipal evaluations team to capitalize on new market opportunities across all asset classes.