Recognizing the need of financial markets for readily accessible and comprehensive pricing capabilities across a broad spectrum of cash, structured and derivative instruments, Standard & Poor's Securities Evaluations, Inc. (SPSE) and SuperDerivatives®, today announced that they have signed an agreement to establish a strategic sales and marketing alliance to combine their valuation offerings for fixed income securities (cash and structured products) and all major OTC (over the counter) and exchange- traded derivative asset classes into one sales and marketing channel.
This new alliance will offer the broadest coverage of asset classes and geographical reach available, combining the technological and market strengths of both companies. The joint offering will help market participants manage investment and operational risk and regulatory compliance more easily and effectively across a vast range of securities.
“Our clients increasingly demand more global coverage and depth for their derivatives portfolio valuations. In SuperDerivatives we believe we have found the ideal alliance partner to create the most comprehensive and robust global coverage possible from one offering,” said Lou Eccleston, Executive Managing Director, Standard & Poor's. “For more than 35 years, Standard & Poor's Securities Evaluations has been a leader in providing daily independent, mark-to-market valuations for market participants of all sectors. Joining forces with SuperDerivatives teams us with a leader in OTC and exchange-traded derivatives valuation and together we will form the largest independent revaluation service in the combined cash and derivative market place.”
The joint Standard & Poor's Securities Evaluations-SuperDerivatives (S&P-SD) offering will provide both companies' models and market data-based pricing services to provide independent valuations for global instruments, including government, municipal and corporate bonds, syndicated loans, asset and mortgaged backed securities and money market instruments. Additionally, the services will cover “vanilla” and “exotic” OTC derivatives as well as exchange-traded derivatives on major asset classes including foreign currency, interest rates, commodities, energy, equities and credit.
“This commercial venture between SuperDerivatives and Standard & Poor's Securities Evaluations is aimed at enabling our customers from developed and emerging markets to effectively value the widest range of products in a single offering,” said David Gershon, SuperDerivatives Chief Executive Officer. “Whether they are from the buy or sell side, our customers will benefit from a ‘one stop shop' experience with the objective of delivering the most accurate and reliable valuation service with significant economy of scale advantages. I believe that this alliance will form a new global standard for independent valuation service.”
Monday 23 June 2008
SuperDerivatives
SuperDerivatives®, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, today launched the next generation of its trading platform for the foreign exchange (FX) market.
Answering the growing market demand from the buy side and sell side for greater FX derivatives complexity and more efficient workflows, the next generation platform integrates pricing discovery, marketing, reporting and on-line execution.
Market professionals using SuperDerivatives’ next generation FX platform in their growth strategy can now trade high margin, exotic structures - including those featuring 4th generation exotics - as easily and efficiently as vanilla FX options.
As is the case with all SuperDerivatives platforms, the next generation FX is web-based and operates in real-time for immediate implementation and scalability. It can easily integrate into any information and trading architecture, connecting various trading and sales desks, and interfacing with middle and back office systems seamlessly and efficiently - linking banks to their clients, reducing operational risk and facilitating faster trading.
SuperDerivatives’ next generation enhancements apply to practically all types of FX instruments, from spot and forwards right through to higher yield 3rd and 4th generation options and correlation structures including cross asset barriers, dual digitals and path dependent baskets. The platform coverage spans over 150 different instrument types on over 100 currency pairs, connecting a diverse community of counterparties across both developed and emerging markets.
“The FX derivatives market has evolved rapidly, while vanilla and first generation exotics have been commoditized and standardized, with corresponding shrinking margins. This year alone, over 10 new exotic structures were added to the market and have become popular,” said David Gershon, Chief Executive Officer, SuperDerivatives. “FX professionals are now looking for the ability to offer their clients the next generation of exotic FX options. We believe that our FX next generation functionality will further increase the volume of derivatives traded and contribute to the evolution of the market, acting as a catalyst for sustained growth.”
SuperDerivatives next generation FX highlights include:
Support for a wide array of FX options from vanillas to 4th generation exotics including multi-leg structures and correlation products such as path dependent basket structures, quanto options, cross-asset barriers and dual euro digitals
Sophisticated tools for structuring, marketing, branding & distribution - essential for dramatically improving sales desk productivity
Online execution and Request for Quote (RFQ) utility connect sales and trading desks together – and with clients - seamlessly and efficiently
Proprietary ‘Looking For Strategy’ solver, multi-language customizable Trade Idea Generator and Term Sheet Generator applications which produce professional, tailored proposals efficiently across a range of exotic and vanilla FX options
Reporting module provides multi-asset Value at Risk reports (VAR) plus reports for Net Asset Value (NAV), Portfolio Profit and Loss (P&L),and sensitivity spot-volatility which allows sales staff to easily provide value-add services to their clients
Online execution and improved post-trade portfolio management deliver deal capture, with an online blotter to capture all client deals and automated deal event management.
The next generation of SuperDerivatives FX is available immediately.
Answering the growing market demand from the buy side and sell side for greater FX derivatives complexity and more efficient workflows, the next generation platform integrates pricing discovery, marketing, reporting and on-line execution.
Market professionals using SuperDerivatives’ next generation FX platform in their growth strategy can now trade high margin, exotic structures - including those featuring 4th generation exotics - as easily and efficiently as vanilla FX options.
As is the case with all SuperDerivatives platforms, the next generation FX is web-based and operates in real-time for immediate implementation and scalability. It can easily integrate into any information and trading architecture, connecting various trading and sales desks, and interfacing with middle and back office systems seamlessly and efficiently - linking banks to their clients, reducing operational risk and facilitating faster trading.
SuperDerivatives’ next generation enhancements apply to practically all types of FX instruments, from spot and forwards right through to higher yield 3rd and 4th generation options and correlation structures including cross asset barriers, dual digitals and path dependent baskets. The platform coverage spans over 150 different instrument types on over 100 currency pairs, connecting a diverse community of counterparties across both developed and emerging markets.
“The FX derivatives market has evolved rapidly, while vanilla and first generation exotics have been commoditized and standardized, with corresponding shrinking margins. This year alone, over 10 new exotic structures were added to the market and have become popular,” said David Gershon, Chief Executive Officer, SuperDerivatives. “FX professionals are now looking for the ability to offer their clients the next generation of exotic FX options. We believe that our FX next generation functionality will further increase the volume of derivatives traded and contribute to the evolution of the market, acting as a catalyst for sustained growth.”
SuperDerivatives next generation FX highlights include:
Support for a wide array of FX options from vanillas to 4th generation exotics including multi-leg structures and correlation products such as path dependent basket structures, quanto options, cross-asset barriers and dual euro digitals
Sophisticated tools for structuring, marketing, branding & distribution - essential for dramatically improving sales desk productivity
Online execution and Request for Quote (RFQ) utility connect sales and trading desks together – and with clients - seamlessly and efficiently
Proprietary ‘Looking For Strategy’ solver, multi-language customizable Trade Idea Generator and Term Sheet Generator applications which produce professional, tailored proposals efficiently across a range of exotic and vanilla FX options
Reporting module provides multi-asset Value at Risk reports (VAR) plus reports for Net Asset Value (NAV), Portfolio Profit and Loss (P&L),and sensitivity spot-volatility which allows sales staff to easily provide value-add services to their clients
Online execution and improved post-trade portfolio management deliver deal capture, with an online blotter to capture all client deals and automated deal event management.
The next generation of SuperDerivatives FX is available immediately.
Openstream
Openstream is a provider of secure mobile Internet infrastructure platform and applications. Openstream offers Enterprises, Communication Service Providers and Financial Institutions worldwide a suite of cost-saving and brand-loyalty-enhancing mobile applications that implement personalized services in a multimodal environment, using wireless and speech technologies. Openstream's multimodal Smart Messaging Platform (SMP) enables businesses to increase productivity by mobile-enabling business-critical data for customers and employees. Openstream is an active member in the pioneering effort of the W3C standardization process for Multimodal Interaction and VoiceBrowser development. Openstream is headquartered in Somerset, New Jersey with an ISO 9001 Certified Development center in Bangalore, India. Additional information about Openstream's products and solutions can be found at http://www.openstream.com/ .
Omnesys Technologies
Omnesys Technologies Pvt. Ltd. is a Bangalore-based firm specializing in mission-critical software products and solutions for the securities market. Omnesys is an empanelled vendor on the premier exchanges in India and its flagship product NEST has been well-accepted by several brokerage houses. A fully integrated online trading system for securities using regular trading work stations, web browsers, and mobile devices, NEST binds all clients such as remote branches, sub-brokers, and individual investors into an integrated real-time online, multi-channel system.
Tuesday 17 June 2008
Gain Capital Group
GAIN Capital Group, LLC, is a market leader in the rapidly-growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates offices in New York City and London.
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms in North America, Europe and Asia. GAIN Capital Group, LLC, and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms in North America, Europe and Asia. GAIN Capital Group, LLC, and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com
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