SuperDerivatives Expands Nordic Network of Its Multi-Asset Derivatives Front Office System and Execution Platform
LONDON--(BUSINESS WIRE)--SuperDerivatives, the benchmark for derivatives, has been selected by a majority of the Nordic region’s leading banks and blue-chip companies to strengthen and expand their capacity to manage their derivatives portfolios and execute derivatives on-line.
“The Nordic derivatives market has matured considerably with growth in demand from the buy- and sell-side for accurate derivatives systems and data to support their business activities, manage operational and market risk and execute on-line.”
Nordea, Danske Bank, SEB, Handelsbanken, DnBNOR, Carnegie, FIH Erhevsbank, Glitnir, Landsbanki, A.P. Moller Maersk, Western Bulk Carriers and many more have become part of SuperDerivatives’ network of global counterparties and derivatives execution.
These institutions use a range of SuperDerivatives’ systems and solutions including real-time multi-asset pricing and analytics, risk management systems, portfolio revaluation services, and mark-to-market data portal for pricing derivatives.
Derivatives use across Denmark, Finland, Iceland, Norway and Sweden has soared over the last decade, as the region’s economy has undergone rapid growth. In 2007, Norway’s economy alone grew 6%, outpacing any other Western nation.
Demand for simple and advanced commodity derivatives in particular has also increased, underpinned by the region’s wealth of natural resources and prominent shipping industry. This in turn has led to a growth in demand from both buy- and sell-side for the tools to manage risk and hedge exposures associated with their portfolios and created a big demand for SuperDerivatives’ commodity platform and commodity revaluation services, which offer a wide range of products.
SuperDerivatives provides real-time, independent pricing for the widest range of derivatives through its unique universal pricing model, covering currencies, commodities, interest rates, equities and credit derivatives. The combination of award-winning market data and derivatives modeling that truly reflects inter-bank market prices helps banks and corporates manage risk, generate revenue opportunities and independently revalue multi- and single-asset derivatives portfolios.
SuperDerivatives’ execution platform – which is an integral part of its front office platform – enables all institutions to trade derivatives online, from simple vanilla options to complex multi-leg structures. The execution platform is used either internally between sales and traders or externally between institutions. Each institution can select its authorised counterparties in the network.
Amitai Ratzon, SuperDerivatives manager for the Nordic region, comments: “The Nordic derivatives market has matured considerably with growth in demand from the buy- and sell-side for accurate derivatives systems and data to support their business activities, manage operational and market risk and execute on-line.
“Third-party independent valuation for derivatives is now becoming best practice and counterparties are demanding transparent, independent derivatives pricing to help them manage risk and look for opportunities.”
Thomas Skytte, Head of Middle Office & Risk Management, Maersk Oil Trading (part of A. P. Moller Maersk Group), said: “We needed a third party valuation service we could depend on to complement our own in-house systems. After reviewing the available valuation solutions, we came to the conclusion that the best product for the A. P. Moller Maersk Group was SuperDerivatives.
“We found SuperDerivatives’ multi-asset front office platform to be unique. It provides a one-stop-shop solution, including all market data and modelling.”
SuperDerivatives is transforming the world of options by introducing transparency to all major traded derivative classes including foreign currency, interest rates, equities, commodities, energy and credit. Providing prices that reflect the inter-dealer market has led the company’s web-based, market-calibrated platforms to be widely accepted as the benchmark for options pricing. Trading professionals on both the buy and sell side benefit daily from SuperDerivatives’ unique combination of unbiased, aggregated market data and sophisticated modeling techniques.
The company also provides fully fledged risk management systems, an online trading platform, award winning derivatives data, and independent portfolio revaluation services. Customers include leading banks, hedge funds, asset managers, custodians and hedge fund administrators in over 60 countries, supported by a global network of SuperDerivatives offices with 24/7 support services.