![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
SuperDerivatives adds deal capture facility
SuperDerivatives, a UK-based online foreign exchange pricing firm, has added a deal capture facility linking its currency options pricing service to back-office risk management systems. SuperDerivatives said the feature has been added due to client requests in the wake of the Allfirst foreign exchange trading debacle.
“The Allfirst experience has served as a pertinent reminder that errors, intentional or otherwise, can easily creep into the trading process. The ease of deal entry from the SuperDerivatives pricing platform will remove at least some of the potential for errors, and will increase the efficiency of processing trades,” said David Gershon, chief executive of SuperDerivatives and a former head of exotic options at Barclays Capital.
Although forex traders make up the bulk of SuperDerivatives’ clients, the firm claims that more risk managers are using the service. SuperDerivatives counts 250 registered institutions among its clients, which include tier-one investment banks and hedge funds. A spokesman for the firm added that corporates are also a major target. Rosemary Court, a former director of forex sales and marketing for UBS Warburg, was appointed head of corporate sales for SuperDerivatives in Novermber last year, in a bid to win more corporate customers.
“Because of the difference that often exists between the theoretical values produced by most systems and the price that options actually trade at, portfolios can easily be over or undervalued. New accounting regulations, such as FAS 133, demand that an institution’s derivatives positions are accurately marked-to-market. SuperDerivatives allows this to be done independently,” added Gershon.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Technology
Dismantling the zeal and the hype: the real GenAI use cases in risk management
Chartis explores the advantages and drawbacks of GenAI applications in risk management – firmly within the well-established and continuously evolving AI landscape
Chartis RiskTech100® 2024
The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…
T+1: complacency before the storm?
This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms
Empowering risk management with AI
This webinar explores how artificial intelligence (AI) can strip out the overheads and effort of rapidly modelling, monitoring and mitigating risk
Core-Payments for business leaders: why real-time access to payment data is key to long‑term business success
Business leaders require easy access to timely, reliable and complete information across post-trade processes. Aside from the usual requirements of senior managers to optimise for risk, revenues and costs, they increasingly need to demonstrate to their…
Risk applications and the cloud: driving better value and performance from key risk management architecture
Today's financial services organisations are increasingly looking to move their financial risk management applications to the cloud. But, according to a recent survey by Risk.net and SS&C Algorithmics, many risk professionals believe there is room for…
Machine learning models: the validation challenge
Machine learning models are seeing increasing demand across the capital markets spectrum. But how can firms improve their chances of gaining internal and regulatory approval for these type of models?