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.
Bisys to Offer Derivatives Pricing
January 24, 2007, 8:33 p.m. EST 1 Min Read
