Totem
Verify Your Derivative Positions With a Comprehensive View of Market Prices
Get high quality, independent mark-to-market prices to support your risk management and product control functions. Accurately verify derivative positions for your books and records reporting with our transparent, objective valuations.
We provide consensus for derivatives since 1997, contributed by the world’s leading market makers, across a broad range of asset classes to independently check your book valuations. Asset classes span the equity, interest rate, repo, FX, commodity, credit, XVA, bond markets, providing matrices of vanilla prices as well as a wide selection of exotic and structured products. Totem data is based on consensus of mid-market prices from the leading active market participants for each product. Additionally, distribution information on the submissions such as standard deviation and range is provided as well as explicit 10th and 90th percentile levels for use in prudent valuation calculations. To further improve consensus, the Totem consensus service provides scoring of the Totem consensus levels compared with other available market information including traded levels, exchange and broker information. Additionally, liquidity reports with high level trade and volume metrics (counts, notionals, derived fields) are also published. Clients may also engage Totem to provide customized back testing, fair value leveling, and vendor quality assessment reports for as an optional add-on service.
Totem Coverage
Daily and monthly price information on vanilla and exotic derivative products
Wide Coverage of OTC Derivatives
Totem provides extensive coverage of OTC derivatives, offering comprehensive data, analytics, and insights on a wide range of financial instruments such as swaps, options, forwards, and futures.
Complete Oversight with Totem
Dedicated Support
Experienced market professionals support vital pricing and risk issues
Independent Valuations
Assessments meet all requirements for independent price verification
Auditor Accepted
Consensus data is accepted globally for oversight of OTC derivative markets
Compliance
Valuation data meets regulatory and audit requirements for book valuations and day one P&L
Historical Data
A unique historical cross-asset derivative dataset, starting from 1997 and including the 2007/2008 stress period, with applications ranging from model testing to stressed expected shortfall.
Data Integrity
Consensus prices undergo rigorous controls to ensure a true market reflection
Consensus Data
Mid-Market prices from leading participants with trade, exchange and broker data
Thought Leadership & Case Studies
Related Solutions
Experts
S&P Global Market Intelligence
Mila Kuznetsov
Executive Director, Global Head of Derivatives Business Development
Prior to joining S&P Global, Mila held multiple leadership roles at key financial services organizations such as Sculptor Capital Management where she was the Global Head of Valuations, Citi as a V.P focused on Equity Derivative Valuations, and at Ernst & Young within financial services for clients in Risk Advisory and Derivative Valuations. In her previous roles, she has implemented new pricing and valuation policies and procedures across multi-asset portfolios (equities, fixed income, derivatives, private assets), led valuation automation projects, and reviewed key valuation questions with internal stakeholders (Valuation Committees) and external stakeholders (auditors, regulators, investors).
Mila graduated from Binghamton University's School of Management with a Bachelor of Science in Management, Concentration in Finance, and a Minor in Russian and East European Studies.
S&P Global Market Intelligence
Sage Patel
Managing Director, Head of Market Data, Valuations and Analytics; Asia Pacific
Under his leadership, the team crafts optimized solutions and best practices for clients across a range of financial instruments, effectively navigating the region's evolving market landscape. Since joining IHS Markit (Markit Asia) in March 2011, Sage has built on his experience as Global Head of Pricing and Valuations at Fitch Solutions. He possesses extensive expertise in product and commercial leadership in Fixed Income & Derivatives Trading and Structured Credit, having held key positions at leading investment banks such as Salomon Brothers, Citigroup Global Markets, Bank of America N.A., and RBC Capital Markets.
S&P Global Market Intelligence
Zaid Shahzadeh
Executive Director, Pricing, Valuation and Reference Data, APAC
Joined legacy-IHS Markit in 2014 focusing on OTC derivatives data and solutions in Singapore then Hong Kong. Prior to S&P Global, Zaid worked at Barclays and Morgan Stanley in Singapore and London focusing mainly on the derivatives valuation space.
Zaid holds a Master’s degree in Finance from the University of Strathclyde, United Kingdom.
S&P Global Market Intelligence
Gerald Lim
Director; APAC Business Development; Market Data, Valuations and Analytics
This eventually led to him taking on a role based in New York leading the equity derivatives data business helping customers across North America. Upon his return to Australia, Gerald took on a new challenge assuming responsibility for business development across derivatives data and valuations services; fixed income pricing data; and reference data across all market segments.
S&P Global Market Intelligence
Anand Popatlal
Executive Director, Derivatives Data Business Development
Anand joined Markit, now S&P Global, in 2010. He was initially a Totem Equities Analyst and then held various positions with cross-asset operational responsibility within Totem, before taking his current role as Totem business development lead where he drives the Totem vision and strategy. Anand brings over 15 years of derivatives experience working with sell side institutions in the valuations space.
Before joining S&P Global he worked at Merrill Lynch in the Global Wealth Management unit.
Anand holds a Masters of Science in Management from London School of Economics, University of London, UK and a Bachelor of Science in Economics from University College London, University of London, UK.
S&P Global Market Intelligence
Enrico Piccin
Director, EMEA Business Development, Derivatives Services
Enrico specializes in derivatives services across investment banks, hedge funds, asset managers, and insurers, providing clients with solutions for trading, structuring, risk management, hedging, pricing, and valuation. His role encompasses the data, pricing, and valuation of derivatives ranging from simple to exotic, as well as structured products across Equity, IR, FX, Credit, XVA, and Commodities.
Before joining S&P Global, Enrico spent seven years in Paris, France, where he led counterparty and market risk model validation activities at Société Générale and in financial risk at Generali. Enrico began his career in Milan, Italy, at Fideuram Investments (Intesa Sanpaolo Group) as a quantitative analyst focusing on asset allocation and subsequently in pricing and structuring complex commodity derivatives at Edison Trading (EdF Group).
With extensive international experience in derivatives, risk management, quantitative modeling, capital markets, energy, asset management, and insurance, Enrico holds both a bachelor's and a master's degree in economics and finance.
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