Bisys to Offer Derivatives Pricing

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NEW YORK – Bisys announced yesterday that its Alternative Investment Services unit has signed with Markit Group Limited to provide independent pricing for complex over-the-counter financial derivatives. The deal, which will help financial institutions to determine the proper value of swaps, options and other popular derivatives, expands a relationship between the two companies in force since 2004. Derivatives have become increasingly popular among credit unions for hedging of long-term interest rate risk and other purposes.

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