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SuperDerivatives Appoints Adam Duff As Product Manager Of Equity Derivatives

Date 13/11/2006

SuperDerivativesÒ, the benchmark for options and the leading provider of accurate option pricing, independent revaluation, trading and risk management systems has appointed Adam Duff as product manager for its equity options and structured products platforms. Duff will also assume the role of head of its quantitative research group. Duff joins SuperDerivatives from Susquehanna International Group (SIG) where he served as head of equity exotic derivatives trading in its joint venture with The Bank of New York. Prior to SIG Duff was head of quantitative research at Morgan Stanley and at Barclays.

Based in the company’s London European headquarters, Duff will drive the company’s fast expansion of its line of equity options solutions for real-time pricing, portfolio revaluation, dividend forecasting, risk management and trading.

Welcoming the new appointment, David Gershon, CEO and president of SuperDerivatives says: "We are seeing huge demand for our equity options platform that stems from two reasons. The first is the fact that our equity option pricing platform SD-EQ is a bridge between the exchanges and the OTC market. The second is that equity derivatives linked notes are becoming increasingly popular and there is a greater need to provide prices and revaluations to the exotic options they embed. I am convinced that Adam’s extensive background in trading equity derivatives and developing analytics for various complex structures make him ideal for further expanding our advanced offerings for exotic equity options, cross-asset equity linked notes and various multi asset structures”.

SuperDerivatives has invested a lot of resources to develop its multi asset systems and structured products in the past couples of years while its platforms have constantly been enhanced to meet the needs of the professional market in both the sell and buy side.

Commenting on his appointment, Adam Duff says: “It is well known that leading options practitioners agree that the SuperDerivatives systems are the most accurate, powerful and user friendly platforms. As a user of the platform in my previous role in trading I definitely agree with this statement. I am excited to join SuperDerivatives and hope that the new innovations we intent to add to the equity platform and the additional multi asset structure products we will support will benefit our thousands of users all over the world”, and he concludes: "It is very satisfying to join a company whose target is to introduce transparency to options pricing”.

SuperDerivatives’ products, including real-time pricing and analytics systems, risk management systems, portfolio revaluation services, volatility surface portal and online trading capabilities, are used by numerous companies from both the buy and sell side. Its pricing platforms are used by almost all the banks around the world, as well as by numerous corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives’ benchmark option pricing model is the only publicly visible and market tested model whose accuracy in generating real market prices for all types of derivatives has been proven and validated continuously for several years.

Additional information about SuperDerivatives can be found at http://www.superderivatives.com

About SuperDerivatives:
SuperDerivatives has revolutionized the world of option pricing by introducing transparency to all types of options in all markets and asset classes. With the SuperDerivatives real-time pricing systems every market-participant can price options as accurately as the most experienced trader in the largest investment banks on Wall Street and the City of London. By providing prices that consistently reflect the inter-dealer market, the company’s products are now accepted and regarded by the majority of professional as the benchmark for option pricing. SuperDerivatives’ multi award winning real time pricing platforms for all types of derivatives and structured products are used by thousands of professionals from both the buy and sell side all over the world.
SuperDerivatives’ benchmark option pricing model is the only publicly visible and market tested model whose accuracy in generating real market prices for all types of derivatives has been proven and validated continuously for several years.

In addition to its renowned real-time pricing & analytics platforms, the company also provides full fledged risk management systems with specifically tailored versions for banks, hedge funds and commercial corporations and a global on-line electronic trading platform. In April 2004 SuperDerivatives launched its benchmark portfolio revaluation services that utilize its benchmark pricing model and its independent global market data network. Since then, the SuperDerivatives revaluation services have extensively been used by numerous banks, hedge funds, asset managers, custodians and hedge funds administrators.

By introducing an unparalleled level of transparency, SuperDerivatives has brought benefits to the entire derivatives community, from buy side to sell side, and from large institution to small. Option trading volume has grown dramatically due to increased demand by buy side institutions that utilize SuperDerivatives systems for pricing and risk management.

The company remains committed to its original mission – to introduce transparency and deliver powerful trading and risk management tools to all existing and potential derivative users. By making its products available to anyone, SuperDerivatives has leveled the playing field in option pricing, portfolio revaluation, trading and risk management.

SuperDerivatives has been recognized in the market by repeatedly winning multiple customer-voted awards for its various products. Its recognitions include winning the Euromoney award for three years in a row for Best Options Platform, Best Option Pricing and Risk Management award by FX Week from 2003 through 2006, as well as winning #1 award for Analytics by Risk Magazine. Reaching beyond the derivatives market, in 2005 and again in 2006 SuperDerivatives was ranked among the top 40 online financial companies by Institutional Investor magazine.

The company operates globally and has offices in London, New York, Tokyo, Singapore, Buenos Aires and Paris.

Additional information about SuperDerivatives can be found at http://www.superderivatives.com