Pricer - Precision Pricing, Instantly Delivered

Clients (buy-side, corporates and wealth managers) seek attractive "enhanced yield" or discounted accumulation levels on structured products that help manage ongoing exposures (e.g., FX hedging, commodity procurement or equity accumulation).

However, their needs are often lumpy -- irregular volumes, variable tenors, or one-off events -- making it hard to get competitive pricing on bespoke accumulator structures without accepting unfavorable terms or high costs.

Dealers and liquidity providers handle strips of path-dependent options (daily/periodic accumulation, leverage multipliers or "double-up" features, knock-out/knock-in barriers and conditional settlements). This creates complex, bespoke lifecycling involving frequent fixings, barrier monitoring, potential early terminations and variable notionals. The result is high operational complexity which widens spreads and limits scalability.

A Relative Return Lookback Option is a path‑dependent derivative whose payoff depends on the best (or worst) realised relative performance of one underlying versus another (a benchmark) over a specified observation window.

Plain "relative performance at maturity" products are highly timing‑sensitive: they only pay off if outperformance happens to be present at the final observation. Adding a lookback transforms the exposure from "relative performance at one time" into "best (or worst) relative performance over a period".