Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Luxembourg-based Assenagon has selected ICE’s Portfolio Analytics platform for the valuation of OTC derivatives products.
With offices in Luxembourg, Munich, Frankfurt and Zurich, Assenagon is one of the fastest growing active asset managers in Europe with EUR 37 billion in assets under management (AUM). To support their growing investment activities, Assenagon will use ICE’s Portfolio Analytics platform for real-time risk assessments and end of day valuations for derivatives.
The ICE Portfolio Analytics tool offers real-time market data and analytics, and is hosted in the cloud, so all of the computational processes are handled by ICE and the resulting data is delivered directly to customers. ICE’s analytical data can integrate with other applications and tools, which provides significant efficiencies and simplifies workflows.
“We’re excited to work with a leading and innovative company like Assenagon as they provide advanced alternative investment strategies to their customers,” said Simon Evans, Head of Derivatives Pricing and Analytics at ICE Data Services. “Our market data and analytics solutions provide greater transparency into the markets we serve and help generate new ideas and power investment strategies for our customers.”
“We’re constantly optimizing the data infrastructure for our mutual funds,” said Dr. Stephan Höcht, Head of Risk at Assenagon. “Despite the fact that we already have a highly competitive and cutting-edge analytical framework for derivatives-based strategies, particularly for our award-wining volatility strategies, ICE’s excellence in derivative market data should further enrich the value of our offering.”
