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SuperDerivatives®, the benchmark for options and the world’s leading derivatives solutions and data provider, today launched SD-Banks - a high productivity version of its multi-asset derivatives front-office platform. SD-Banks allows for full pricing and risk control, strategy building, and online execution using the banks’ own analytics and market rates alongside SuperDerivatives’ market benchmark analytics. It is completely customizable with dedicated application user interfaces for traders and sales people complete with online electronic communication between them - in line with the company’s philosophy of ‘a unified platform for all derivatives users’.
Lewis Ranieri, chairman of the SuperDerivatives Advisory Board, who is also former chairman of Computer Associates (CA) commented: “The major advantage of SD-Banks is that it provides the opportunities for huge cost savings to banks while enabling them to also enjoy an increase in revenues. Banks do not always recognize the true cost of internal development of front office systems for traders and sales professionals; moreover, many banks fail in these projects even after substantial expenditures and much wasted time. Maintained and constantly upgraded by SuperDerivatives, SD-Banks is guaranteed to always be up-to-date in its market coverage and sophisticated in its productivity features.”
SuperDerivatives award-winning multi-asset system for the front-office, incorporates SuperDerivatives’ real-time pricing and analytics modules. It supports all asset classes, from equity, commodities, energy, credit, and currencies, through to interest rates and cross-asset hybrids. SD-Banks covers all derivative instrument types for OTC markets and global exchanges, with support for complete pre-trade and post-trade activities and powerful tools that increase sales force efficiency and customer loyalty. A web-based system, SD-Banks is updated on a weekly basis with new productivity features and the latest traded instruments, providing banks with investment protection.
“The ability to include all derivative types for all asset classes in one platform with different versions for traders and sales people is unique in the industry. Very few vendors or banks’ internal development groups, if any, are capable of delivering such a complex and feature-rich system. Previously, these business and technology needs were satisfied in a very partial way, by a maze of extremely expensive homegrown systems,” said Dr. Mayiz Habbal, managing director, Securities & Investments Group, Celent. “Multi-asset derivatives platforms, such as the one SuperDerivatives is bringing to the market, will enable trading and sales desks to increase their competitiveness, widen their asset class expertise and address the increasingly sophisticated buy-side client requests. This unique functionality enables SuperDerivatives to help banks harvest the profits in the fast growing high-margin derivatives market.”
Productivity, both on a team and individual level, is boosted with numerous features:
- Full real-time control of pricing, trading and risk - via an easy and secure interface to banks’ own analytics, structures and market rates
- Cross-desk and client collaboration using the online request for quote (RFQ) trading system and secure chat
- Multi-asset and hybrid cross-asset structuring advanced capabilities.
- Software as a Service (SaaS) delivery with fully included market data
- Zero “Time to Profit” - immediate rollout throughout the organization
- Lowered operational risk with full STP deal capture interface with bank systems
- Integration with CRM and control systems enabling quick and effective implementation of business productivity decisions
- Powerful tools that increase sales force efficiency and customer loyalty.
“SD-Banks is based on more than seven years continuous innovation and hard work sparked by the input of our global client base. We are enthusiastic about its adoption by several leading banks and are happy to bring our clients this latest and greatly enhanced version,” said David Gershon, president and CEO of SuperDerivatives. “SD-Banks puts bank executives in the driver’s seat, providing them with full real-time control and leverage of pricing, marketing and branding decisions. It also provides them with very efficient ways to gauge and improve overall performance. We are truly proud of SD-Banks and confident that it will change the landscape of banks’ derivatives front office.”
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.
The SuperDerivatives’ benchmark option pricing model is the only publicly available 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. SuperDerivatives’ derivatives market data are widely recognized as most comprehensive, relevant and accurate – the company has won in May 2007 the “Best data provider of Derivatives” award.
SD-Banks is immediately available for free trial at www.superderivatives.com
About SuperDerivatives
SuperDerivatives has revolutionized the world of option pricing by introducing transparency to all options. With its real time pricing systems every user can price options with accuracy even greater than the most experienced traders 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 trading professionals as the benchmark pricing for options. SuperDerivatives’ multi award winning, real time pricing platform for all kinds of derivatives are used both by the buy and sell side globally.
The company also provides fully fledged risk management systems and an on-line trading platform. In April 2004 SuperDerivatives launched its benchmark portfolio revaluation services that utilized its benchmark pricing model and independent global market data network. Since then, they have extensively been used by numerous banks, hedge funds, asset managers, custodians and hedge funds administrators.
SuperDerivatives serves its clients diligently in over sixty countries in all continents and has offices in London, New York, Tokyo, Singapore, Buenos Aires, Hong Kong, Sydney and Paris.
Further information: http://www.superderivatives.com
