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.”
Showing posts with label SuperDerivatives. Show all posts
Showing posts with label SuperDerivatives. Show all posts
Wednesday, 13 August 2008
Tuesday, 1 July 2008
SuperDerivatives Chosen By A.P Moller Maersk
SuperDerivatives®, has been chosen by A.P. Moller Maersk Group to perform independent valuations for its energy options and swaps.
The A.P. Moller Maersk Group employs about 110,000 people in 130 countries. Beyond its worldwide container shipping operations and related activities, it is also involved in a wide range of activities within the oil and gas, tankers, offshore, shipbuilding, retail and manufacturing industries. Maersk Oil is a midsize international oil and gas company operating an oil production of more than 600,000 barrels per day and a sales gas production of up to 1,000 million cubic feet per day.
“With our unique position in the oil market as both producer and consumer, the A. P. Moller Maersk Group currently holds a portfolio of about 900 energy options and swaps. In order to achieve best practice standards and adhere to our corporate governance policies, we needed a third party valuation service we could depend on to complement our own in house systems. After reviewing the available valuation solutions, we came to the conclusion that the best product for the A. P. Moller Maersk Group was SuperDerivatives,” said Thomas Skytte, head of middle office & risk management, Maersk Oil Trading, which is responsible for hedging the Group’s oil price risk. “We found SuperDerivatives’ platform to be unique. It provides a one-stop-shop solution, including all market data and modelling. This not only facilitates valuation since we are not required to input our own data and curves, but also yields accurate valuations which corroborate our internal calculations.”
With energy prices reaching all time highs, the prudent use of energy derivatives is becoming more accepted by corporate treasuries, banks, hedge fund administrators and other financial participants. SuperDerivatives meets this challenge by supporting a wide range of vanilla and exotic instruments and underlying energy products with pricing, risk management and revaluation solutions. In addition to energy derivatives, SuperDerivatives supports foreign currency, interest rates, commodities, equities and credit. It can be leveraged as an automated independent portfolio revaluation service performed by SuperDerivatives Revaluation Center or as mark-to-market data including volatility surfaces, correlation data, yield curves and dividends that are easily integrated into internal systems.
SD-Revaluation is powered by SuperDerivatives’ award-winning benchmark pricing model and provides unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.
“We are delighted that A.P. Moller Maersk, one of the world’s largest corporations, has chosen SuperDerivatives to value its energy derivatives portfolios after seeing that our revaluation service provides results that coincide with inter-bank prices,” said Dani Weigert, head of revaluation services, SuperDerivatives. ”In 2006 during a time of financial turmoil involving the energy markets, SuperDerivatives increased its expertise in this sector with many hedge funds and prime brokers turning to us for derivatives pricing and valuations. Our unique combination of award-winning, real-time derivatives data and a unique model that generates true inter-bank prices, while matching all market conventions has made SuperDerivatives a leading provider of independent revaluation services for the buy and sell side.”
The A.P. Moller Maersk Group employs about 110,000 people in 130 countries. Beyond its worldwide container shipping operations and related activities, it is also involved in a wide range of activities within the oil and gas, tankers, offshore, shipbuilding, retail and manufacturing industries. Maersk Oil is a midsize international oil and gas company operating an oil production of more than 600,000 barrels per day and a sales gas production of up to 1,000 million cubic feet per day.
“With our unique position in the oil market as both producer and consumer, the A. P. Moller Maersk Group currently holds a portfolio of about 900 energy options and swaps. In order to achieve best practice standards and adhere to our corporate governance policies, we needed a third party valuation service we could depend on to complement our own in house systems. After reviewing the available valuation solutions, we came to the conclusion that the best product for the A. P. Moller Maersk Group was SuperDerivatives,” said Thomas Skytte, head of middle office & risk management, Maersk Oil Trading, which is responsible for hedging the Group’s oil price risk. “We found SuperDerivatives’ platform to be unique. It provides a one-stop-shop solution, including all market data and modelling. This not only facilitates valuation since we are not required to input our own data and curves, but also yields accurate valuations which corroborate our internal calculations.”
With energy prices reaching all time highs, the prudent use of energy derivatives is becoming more accepted by corporate treasuries, banks, hedge fund administrators and other financial participants. SuperDerivatives meets this challenge by supporting a wide range of vanilla and exotic instruments and underlying energy products with pricing, risk management and revaluation solutions. In addition to energy derivatives, SuperDerivatives supports foreign currency, interest rates, commodities, equities and credit. It can be leveraged as an automated independent portfolio revaluation service performed by SuperDerivatives Revaluation Center or as mark-to-market data including volatility surfaces, correlation data, yield curves and dividends that are easily integrated into internal systems.
SD-Revaluation is powered by SuperDerivatives’ award-winning benchmark pricing model and provides unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.
“We are delighted that A.P. Moller Maersk, one of the world’s largest corporations, has chosen SuperDerivatives to value its energy derivatives portfolios after seeing that our revaluation service provides results that coincide with inter-bank prices,” said Dani Weigert, head of revaluation services, SuperDerivatives. ”In 2006 during a time of financial turmoil involving the energy markets, SuperDerivatives increased its expertise in this sector with many hedge funds and prime brokers turning to us for derivatives pricing and valuations. Our unique combination of award-winning, real-time derivatives data and a unique model that generates true inter-bank prices, while matching all market conventions has made SuperDerivatives a leading provider of independent revaluation services for the buy and sell side.”
Monday, 23 June 2008
SuperDerivatives and Standard Poors
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.”
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.”
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.
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