SuperDerivativesÒ, the benchmark for options and the leading provider of accurate option pricing, independent revaluation, trading and risk management systems has appointed Ms. Bonnie Eshel as head of the company's market data division. She joins SuperDerivatives after 12 years at Reuters (LSE: RTR, NASDAQ: RTRSY), where among her various roles she was a country manager in the Eastern European emerging markets business unit.
Ms. Eshel will further grow the SuperDerivatives dedicated global market data team of tens of market professionals, responsible for sourcing and managing market data from a global network of rate providers. She will also be tasked with maintaining and enhancing the historical market databases that power the company’s recently expanded Revaluation Center, and which provides retroactive portfolio revaluations and analytics services for hedge funds, custodians and banks.
"The rapid growth of the company’s product line and number of supported asset classes has compelled us to increase our market data unit dramatically to ensure that we maintain the highest quality of real-time data ", says Dr. David Gershon, President and Chief Executive of SuperDerivatives."Bonnie joins us at a time when the importance of fair market value determination is being reinforced by key transparency-generating initiatives such as the European MiFID ‘best execution’ requirements. Obtaining and then providing our clients with the most accurate market data in conjunction with our benchmark pricing model for options is key for the company, as it allows us to generate the desired transparency in derivatives pricing”.
In addition to providing accurate rates as part of the company’s pricing, analytics, risk management and revaluation applications, Eshel’s division will support the SuperDerivatives Volatility Surface Portal “SD-MM” which provides customers with volatility surfaces and correlations feeds, available to use within their own internal or third-party systems.
Commenting on her new role, Ms. Eshel says: "I am delighted to be joining SuperDerivatives at such an exciting stage in the company's expansion. SuperDerivatives has a superb reputation for providing the most accurate market prices for options in all asset classes. It has revolutionized the world of options by making its real-time pricing and analytics systems readily available to thousands of customers from all market segments. With my team, I will further pursue the crucial task of ensuring timely and accurate supply of market data, including data for illiquid assets, allowing the company to continue its quest for generating transparency in financial markets.”
SuperDerivatives’ products, including real-time pricing and analytics systems, risk management systems, portfolio revaluation services, options market data 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 that are active in options, 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
