Sophis, the Paris-based solutions supplier, has released a new version of Convertibles On-Line, its database with integrated analytics and pricing tools for convertible bonds, which includes a new pricing model.

The new version of the software includes partial differential equations in the pricing mechanism which provide more flexibility to take into account all events in the life of a derivative, as well as better accuracy. The company said: "Sophis is the first to have integrated a partial differential equations solver engine in a convertibles pricing tool."