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SuperDerivativesÒ, the benchmark for options and the world’s leading multi-asset derivatives solutions provider for real time option pricing, independent revaluation, derivatives data, trading and risk management systems, has announced that United Bulgarian Bank (UBB) is deploying its multi-asset pricing and analytics suite. UBB will start by implementing the SD-FX foreign currency module for its trading and sales desks.
UBB is Bulgaria’s largest provider of corporate banking services, supporting customers such as Shell, LUKOIL, Metro, O & B and the Bulgarian Electric Company. It is a leading market maker in the Bulgarian Lev (BGN) currency markets.
“The SuperDerivatives platform has significantly improved our trading effectiveness, resulting in increased volumes, margins and profits. Prior to deploying the platform, we had to get data from different brokers and banks and then manually perform the calculations which wasn’t always very accurate or scalable,” said Ivan Koutlov, Head of Treasury, United Bulgarian Bank. “The increased price transparency, smart marketing tools and customized hedging strategies that SuperDerivatives provides are a tremendous boost to our options business and give us a strong competitive edge with our corporate customers. We’re now looking at expanding our SuperDerivatives platforms to include other asset classes.”
Web-based SD-FX now supports over 150 exotic options and structured products as well as baskets, cross-asset hybrids and other correlation based structures. It integrates real-time market data for over 100 currency pairs including all emerging markets from Peru to Vietnam.
“We welcome United Bulgarian Bank in joining the vast majority of banks in the CEE (Central and Eastern Europe) region and across the EU (European Union) that are helping their corporate customers more effectively hedge risk using SuperDerivatives. Both multi-national banks and smaller regional banks are realizing that their trading and sales desks need best-of-breed platforms designed for real time pricing accuracy, short learning curves, and personal and group efficiency,” said Udi Sela, Head of Product Support, EMEA, SuperDerivatives. “MiFID (Markets in Financial Instruments Directive) begins this month and European banks are preparing in earnest to ensure ‘best execution’ of all transactions. SuperDerivatives can help UBB with the best execution of OTC option trades by accurately and consistently reflecting the consensus price in the inter-bank brokered market.”
SuperDerivatives’ products and services are used by numerous companies from both the buy and sell side. Its real-time pricing platforms are used by the majority of the banks worldwide, as well as numerous corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives’ Revaluation service (SD-Revaluation) 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.
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 was recently recognized as Best Provider of Derivatives Data 2007 by an Inside Market Data poll.
About SuperDerivatives
SuperDerivatives has revolutionized the world of options by introducing transparency to all traded derivative classes. Providing prices that consistently 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. SuperDerivatives’ award winning, real time pricing platforms are used by trading professionals on both the buy and sell side globally.
The company also provides fully fledged risk management systems, an on-line trading platform, award winning derivatives data, and portfolio revaluation services that utilize its benchmark pricing model and independent global market data network. Customers include 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
