Derivative Partners

What Derivative Partners does

Derivative Partners is an independent data and information provider focused on structured products and derivatives, based in Zurich, Switzerland, and operating as a business unit of Lucht Probst Associates AG (LPA, formerly Payoff Media AG). The firm has served the structured investment products value chain for over fifteen years, with a stated client base of more than thirty enterprises spanning global investment banks, structured product issuers, asset managers at private banks, insurance companies, exchanges, and industry associations.

The company's product portfolio centers on three interconnected services. (1) The Independent Valuation Service delivers end-of-day NPV decomposition across composite, option, and bond components, full Greek surfaces (delta, gamma, vega, theta, rho), Value at Risk, implied volatility surfaces, implied dividends, and implied forwards. These are produced by a proprietary third-generation pricing engine implementing a local volatility model within a Monte Carlo simulation framework. (2) The Data API exposes reference data and key figures for products traded on SIX, BX, and DOTS exchanges via a web-based API in CONNEXOR XML or JSON, with REST push/pull delivery and subscription-based automatic updates. (3) The Life Cycle Management service provides monitoring and alerts for corporate actions, barrier hits, coupon payments, and maturity events, delivered via REST API or SFTP, and includes risk figures, cash flow projections, and barrier probabilities. Ancillary offerings include the Swiss Derivative Map (co-produced with SSPA and SIX Swiss Exchange) and the 370-page 'World of Structured Products' reference book co-promoted with SSPA.

Commercially, Derivative Partners combines a direct enterprise sales motion (relationship managers serving global banks, issuers, and private-bank asset managers) with an API-first product-led growth motion. The Data API uses transparent, publicly disclosed usage-based pricing of CHF 3 per ISIN per year for reference data and CHF 8 per ISIN per year for reference data with key figures, plus a CHF 2,500 one-off setup fee and a CHF 2,000/year minimum usage fee, with a 30-day free trial and self-service online contract acceptance. Independent Valuation and Life Cycle Management are sold as recurring subscriptions with pricing on inquiry. Distribution is augmented by a core-tier partnership with SIX Swiss Exchange / SIX Exfeed for CONNEXOR API co-marketing and a strategic partnership with SSPA for standards collaboration. The firm positions its structural independence from any sell-side or buy-side party as a core trust differentiator for regulatory fair-value and audit use cases.

Name

Derivative Partners

Legal name

Lucht Probst Associates AG

Website

https://derivativepartners.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Derivative Partners is an independent Zurich-based data and valuation provider for structured products and derivatives, serving global investment banks, issuers, private-bank asset managers, insurers, exchanges, and associations with daily independent valuations, a CONNEXOR-integrated Data API, and life cycle monitoring services.

Ownership category

akta.pro rank

Product category

Structured Products Data and Analytics

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Derivatives Valuation, Pricing & Model Risk (FSACADAL)

akta.pro secondary industry

Financial Instruments & Derivatives Valuation (BPAHANAF)

Keywords

• Structured products data
• Independent valuation services
• Derivatives pricing analytics
• Financial reference data API
• Structured product lifecycle management

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Data API - Reference Data: Pay-per-ISIN subscription model for structured products reference data. Users pay only for the ISINs they actively request, with annual per-ISIN fees plus minimum usage fees. Access to CONNEXOR XML schema or JSON format.
2. Data API - Reference Data with Key Figures: Premium tier including all reference data plus calculated key figures (Greeks, yield figures, risk figures). Higher per-ISIN annual fee than base tier.
3. Independent Valuation Service: Daily end-of-day valuations of structured products including NPV calculations, Greeks, VaR. Sold as subscription with access to SIX CONNEXOR master data for faster setup.
4. Life Cycle Management: Subscription service for life cycle monitoring and product reports. Includes alerts for barrier hits, coupon payments, and maturity events. Delivered via REST API or SFTP export.
5. Technical Setup Fee: One-off technical setup fee for Data API integration. Covers onboarding, API key provision, and Customer Integration Guide access.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Derivative Partners provides independent valuation of structured products using a third-generation pricing engine (local volatility model within a Monte Carlo framework), a web-based CONNEXOR Data API delivering reference data and key figures for products traded on SIX, BX and DOTS exchanges, and life cycle management services that monitor corporate actions, barrier hits, and coupon payments for global investment banks, issuers, asset managers, insurance companies and exchanges.

Product overview

Derivative Partners offers a unified suite of three interconnected services for the structured products industry: the Independent Valuation Service (core pricing engine providing daily NPV, Greeks, VaR, and implied data), the Data API (web-based access to CONNEXOR reference data and key figures), and Life Cycle Management (monitoring of corporate actions, barrier events, and coupon payments). All services are independent, product-agnostic, and scalable, with data delivered via REST API or file export. The company also maintains the Swiss Derivative Map and publishes educational resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Valuation Service Daily end-of-day independent valuations of structured products including composite NPV, option and bond component NPVs, Greeks (delta, gamma, vega, theta, rho), Value at Risk (VaR), implied volatility surfaces, implied dividends, and implied forwards. Delivered as a subscription and used for regulatory compliance and fair value calculation for illiquid instruments.
• Data API Web-based API connecting to CONNEXOR (SIX Swiss Exchange) providing structured products reference data and key figures (strike prices, autocall/barrier distances, Greeks, payoff at maturity, yield figures, risk figures) for products traded on SIX, BX, and DOTS exchanges. Delivered via REST API in JSON or CONNEXOR XML schema with subscription-based automatic updates.
• Life Cycle Management Independent life cycle management service for structured products covering corporate actions, barrier hits, and coupon payments. Provides risk figures, maturity data, barrier probabilities, yield estimates, and cash flow projections, with timely alerts delivered via REST API or SFTP file export.

Quantifiable outcome

• Independent valuations enable regulatory compliance effortlessly
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• SIX Swiss Exchange / SIX ExfeedcoreTechnology or IntegrationStrategic partnership with SIX Swiss Exchange to offer CONNEXOR Data API solution for structured products reference data and key figures. All products traded on SIX, BX or DOTS can be looked up through the API. Services co-developed with SIX Exfeed for CONNEXOR API distribution.
• Swiss Structured Products Association (SSPA)coreStrategic or Co-development PartnerJoint production of Swiss Derivative Map with SSPA and SIX Swiss Exchange. The map defines all structured products categories and product types for a straightforward overview. The 370-page 'World of Structured Products' book is co-promoted through SSPA.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• MSCI: MSCI provides analytics, indices, and ESG/risk data used extensively by asset managers and banks, including structured product benchmarking and risk tools. Comparable as an institutional data and analytics provider to the same buy-side audience Derivative Partners serves via private bank asset managers.
• ICE Data Services: Intercontinental Exchange's data services division provides reference data, evaluated pricing, and analytics for fixed income and structured products. Overlaps directly with Derivative Partners' valuation and reference data offerings, particularly for institutional buy-side and risk management users.
• S&P Global Market Intelligence: S&P Global offers reference data, pricing, and analytics across multiple asset classes including structured products (via Capital IQ, SNL, and other products). Comparable to Derivative Partners in serving enterprise risk and compliance use cases but at much broader asset class and data coverage scale.
• Bloomberg L.P. Bloomberg Terminal is the dominant financial data and analytics platform globally, offering reference data, pricing, and risk analytics for structured products. It competes with Derivative Partners across enterprise buy-side and sell-side clients but as part of a much broader multi-asset offering rather than a structured-products specialist.
• LSEG (Refinitiv): LSEG, post-Refinitiv acquisition, provides market data, reference data, and pricing analytics including for structured products via Eikon/Workspace. Comparable in serving banks, asset managers, and insurers with similar reference and pricing workflows, but at vastly greater scale and across all asset classes.

Direct peers

• Numerix: Numerix is a specialist provider of derivatives pricing and risk analytics software, with a particular focus on structured products and exotics. It is the closest direct comparable to Derivative Partners' independent valuation engine in terms of pricing methodology (Monte Carlo, local/stochastic volatility) and target institutional clients.
• Murex: Murex is an enterprise platform for front-to-back-office derivatives and structured products management, used by many of the same global investment banks that are Derivative Partners' customers. It represents the in-house platform alternative that banks could consolidate onto versus using third-party independent valuation.
• SIX Swiss Exchange: SIX operates the primary Swiss exchange for structured products and owns CONNEXOR, the master data platform that powers Derivative Partners' Data API. As both a strategic partner and the underlying data infrastructure provider, SIX is simultaneously a critical ally and a potential competitive threat if it expands downstream analytics.
• Calypso Technology: Calypso provides a cross-asset trading and risk management platform with deep structured products capabilities for issuance, valuation, and life cycle events. It competes with Derivative Partners at large banks and issuers, though it is a full platform vendor rather than a focused valuation/data service.

Others

• SSPA (Swiss Structured Products Association): SSPA is the industry association that co-produces the Swiss Derivative Map and the 'World of Structured Products' book with Derivative Partners. While not a direct competitor, SSPA sets industry standards and classification that shape Derivative Partners' product taxonomy, and the relationship is strategic rather than competitive.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/derivative-partners-ag

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Derivative Partners