SuperDerivatives

SuperDerivatives® has been chosen by FIH Erhvervsbank A/S to strengthen and expand its capacity to trade interest rate derivatives.

FIH has deployed SuperDerivatives’ SD-IR platform, including its derivatives trade execution module, to all of its sales and trading desks. The SD-IR platforms will be integrated with the bank’s back office system using the SuperDerivatives SD-Connect application integration framework.

One of Denmark’s largest banks, FIH is a corporate and investment bank specializing in financial services to Danish corporates. It serves more than 4,500 medium and large sized enterprises in most sectors of the Danish business community. FIH is fully owned by Kaupthing Bank.

“As one of Denmark’s leading corporate and investment banks, we needed to increase our competitive edge by adding the capability to take open positions on interest rate options and trade more exotic instruments. After rigorous evaluation, we selected the SuperDerivatives SD-IR platform. It provides the expanded coverage and automation to better serve our customers, and has an interface that is easily mastered by our sales and trading desks,” said Erik Jensen, head of trading at FIH. “SuperDerivatives is also improving our sales desk productivity significantly by providing sales with modular tools to build and price customer-ready trade strategies, without needing to involve our traders. When the trade is ready for execution, SuperDerivatives’ online collaboration facility ensures accurate data capture between sales and traders and between sales and clients.”

SD-IR features real-time, accurate market prices, risk management and analytics for interest rate derivatives in all currencies where a derivatives marketplace exists. The online 24-hour system delivers market prices for a wide range of interest rate derivatives, structures and products including CMS-based products, a full suite of callable structures and target redemption structures. All structures include Greeks, buckets and charting tools. A full historical database of rates, volatilities and correlations enables retroactive pricing of portfolios. The system also includes a multi-asset blotter which can display trades in all asset classes and generate a variety of reports for corporate and hedge fund clients.

“In today’s highly competitive financial climate, banks in the Nordic region such as FIH are taking the lead in highlighting the global need to acquire tools that enable them to expand their business lines. SuperDerivatives’ combination of vanilla and exotic derivatives price discovery, award-winning market data, sophisticated analytics, and an intuitive user friendly interface gives our customers the power to more effectively design, execute and revaluate their derivatives strategies,” said Robert Emerson, product manager for interest rate derivatives, SuperDerivatives. “In the last few years, SuperDerivatives has strengthened its position to become the benchmark for derivatives in the Nordic financial sector, both on the sell side and buy side. Recently, Nordea, A.P. Moller Maersk Group, Carnegie, Landsbanki, and Glitnir have joined our roster of Nordic customers.”