SuperDerivatives®, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, and Liffe today announced a partnership to provide SuperDerivatives’ users with direct access to the LIFFE CONNECT® electronic trading platform.
"The partnership will give SuperDerivatives customers the ability to price, analyze and trade exchange-traded Liffe products within SuperDerivatives’ applications alongside OTC products – allowing them greater flexibility in choosing the right market for realizing their investment goals. SuperDerivatives’ certification for our newly launched LIFFE CONNECT® Version 10, brings other important benefits to their customer base, including full access to the functionality within the LIFFE CONNECT® API and full market data,” said Paul MacGregor, Director Technology Partnerships, Liffe. “SuperDerivatives’ real-time pricing and trading applications have earned a reputation for being easy to use with rich and unique analytical capabilities. We are excited that their users will have access to the LIFFE CONNECT®, directly from within the SuperDerivatives platform.”
The synergy of the two leading platforms will enable SuperDerivatives users to see streaming prices from the Euronext exchange and interact with the market through SuperDerivatives’ web-based applications. The two companies are working together very closely to ensure a smooth user experience for SuperDerivatives customers. SuperDerivatives pricing system will merge OTC prices with exchange prices to maximize transparency for users with the target of tightening the bid/offer spreads in the corresponding exchange products.
“The combination of SuperDerivatives and Liffe represents a convergence of the OTC and exchange markets for the benefit of all users,” said David Gershon, President and CEO, SuperDerivatives. “By connecting the power of SuperDerivatives’ analytics with the liquidity of Liffe we are creating a true idea-to-execution, streamlined process. This will eventually increase liquidity and bring greater transparency to interest rate derivatives products (STIR) and other LIFFE CONNECT derivative products.”
The two companies will also cooperate on various co-marketing and sales initiatives.
About Liffe
Liffe is the international derivatives business of NYSE Euronext, the transatlantic exchange formed in 2007. Liffe operates high-tech markets in Amsterdam, Brussels, Lisbon, London and Paris where every day more than 1,700 billion euros worth of derivatives business is traded by customers based around the world.
Liffe offers customers a broad choice of futures and options contracts on short-term interest rates, single stocks, indices, swaps, government bonds, commodities and currencies - all available via our state-of-the-art LIFFE CONNECT® platform.
As well as innovative products Liffe also work with our customers to develop pioneering services, like the award-winning Bclear, helping them to do business as effectively as possible.
To find out how Liffe can help your business, visit www.nyseeuronext.com/liffe
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.
