Totem Market Valuations Limited, the provider of derivative valuation services acquired recently by Mark-It Partners, has launched a valuation solution for precious metal derivatives.
The service started with a full volatility analysis for 10 year US Dollar gold and Australian Dollar gold options, and will shortly expand to include platinum, palladium and silver products.
Totem has introduced the service to help institutions control their pricing risk for illiquid markets. It adds to the wide range of other commodity and energy services already offered. Contributors to the service include leading members of the London Bullion Market Association
In May 2004, Totem was acquired by Mark-it Partners, the credit pricing information company, to provide the rapidly growing OTC market with authoritative and reliable valuation, pricing and analysis across an unparalleled range of markets.
“Our valuation service helps our clients to accurately price their books in this highly volatile marketplace,” explains Tim Barker, Executive Vice President of Mark-it Partners. “We have extended our coverage to precious metal derivatives in line with our clients’ business needs. Totem will continue to expand its services in this asset class to help meet the market’s ever increasing regulatory and accounting requirements.”