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Evolution Securities joins Prime Source valuation service

Evolution Securities joins Prime Source valuation service

Prime Source, NYSE Euronext’s independent asset valuation service, has added Evolution Securities as a closing price contributor to its service.

Evolution Securities is a UK independent investment bank and subsidiary of The Evolution Group, a FTSE 250 UK-based investment bank and private client investment management group.

As part of Evolution Securities’ ongoing commitment to support market transparency and provide reliable valuations metrics, it will be providing closing prices, via the Prime Source service, for a range of financial products including fixed rate ABS, corporate and sovereign credit and inflation linked bonds in the UK, Europe and North America.

Prime Source offers a one-stop service for independent valuations and is wholly owned by the NYSE Euronext exchange group. Prime Source can value a comprehensive set of products ranging from vanilla to term-sheet trades and structured credit (cash or synthetic).

Guy Cornelius, head of fixed income at Evolution Securities, says: "Evolution has developed an extensive platform for pricing securities across many asset classes and currencies. We are pleased to broaden the availability of our prices through a partnership with Prime Source and their comprehensive services."

Marie-Hélène Crétu, chief executive of Prime Source, adds: “We welcome Evolution Securities as a new and additional contributor of closing prices to our Prime Source service. This will further increase the added-value of the valuation services available via Prime Source. Through Prime Source, users can obtain the information they need to facilitate their valuation process in one single, independent source, allowing them to make an educated choice on pricing and valuation for complex and diverse instruments within their portfolio.”

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