SuperDerivatives signs deals with German and Austrian banks

Technology firm SuperDerivatives has signed up 10 German and Austrian banks, including HypoVereinsbank and Helaba, to its foreign exchange option pricing system.

According to the company, the platform provides accurate real-time, online vanilla and exotic currency option pricing and analytics.

“SuperDerivatives' prices are very accurate. The system is very user friendly and includes many tools to assist our workflow," said Adrian Marcu, foreign exchange senior options trader at Sal Oppenheim jr & Cie, another bank that took the system.

Daniel Kadim, SuperDerivatives director of sales for Germany and Austria, said: "We have numerous banks testing the platform and that is being translated quickly into firm deals."

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