Israel’s central bank, the Bank of Israel, is adopting SuperDerivatives, the foreign exchange option pricing system.
The bank chose the system because all other major banks in Israel as well as many Israeli corporates use the system, says Dr Ben Schreiber, head of the research unit at the Foreign Exchange Activity Department at the bank. It will also enable the bank to watch the currency derivatives markets on a daily basis as well as price advanced financial instruments like structures and exotic options.
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