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SuperDerivatives®, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, has been chosen by Carnegie Investment Bank AB to perform independent valuation services for its equity derivatives portfolio.
Founded in 1803, Carnegie is the largest independent Nordic investment bank, providing a wide array of financial products and services from offices in eight countries: Sweden, Norway, Denmark, Finland, Luxembourg, Switzerland, the UK and the US.
“As part of a complete revision of our risk and compliance infrastructure, we needed an independent revaluation solution for our equity derivatives portfolio. Following an extensive evaluation process, we selected SuperDerivatives’ SD-Revaluation,” said Per Jutemar, group operational risk manager, Carnegie. “Beyond its proven accuracy, we were impressed with the service’s extensive coverage for both Nordic and international equities.”
SuperDerivatives Revaluation Center (SD-Revaluation) is available for all major asset classes of derivatives: foreign currency, interest rates, commodities, equities, energy and credit. It utilizes SuperDerivatives’ benchmark pricing model with the company’s award-winning market derivatives data as input, providing unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.
“We are pleased to have Carnegie join the many financial institutions that are using SuperDerivatives to value their trading books. Our market-leading coverage spanning thousands of equities and indices from virtually any country played a key role in Carnegie’s decision,” said Dani Weigert, head of revaluation services, SuperDerivatives. ”Recent market turmoil combined with the operational risk inherent to options trading have underlined the need for systematic, independent risk management. Our combination of award-winning derivatives data and modeling has made SuperDerivatives a leading provider of independent revaluation services.”
SuperDerivatives’ products and services are used by numerous companies from both the buy and sell side. Its real-time pricing platforms are used by most banks around the world, as well as numerous corporations, asset managers, hedge funds, auditors and official institutions. SuperDerivatives’ Revaluation service is used by numerous banks, hedge funds, asset managers, fund administrators and auditors and is considered by many as the most accurate service in the market due to its leading combination of productivity, accuracy and coverage.
About SuperDerivatives
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 on-line 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.
