Bisys to Offer Derivatives Pricing

Published January 24, 2007, 8:33 p.m. EST

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Updated August 27, 2020, 2:08 a.m. EDT

1 Min Read

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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