Best electronic equity derivatives: Deutsche Bank
Highly commended: UBS
The foundation of eDerivatives.com’s strength is its comprehensive, well-maintained database. The site has been expanded to cover over 2,500 underlying stocks and indices from 20 exchanges over five continents. For each stock the bank calculates implied volatilities for every listed strike/expiry option as well as selected OTC strike/expiry options – a total of over 500,000 a day.
To take advantage of this options database, Deutsche offers a set of powerful analytical tools. Users can examine implied and realized volatility histories, term structures and skews, and graph historical volatility spreads.
The already impressive option screening system has been enhanced to allow customized screening templates of client portfolios and to enable users to create scatter graphs from virtually any variables.
Clients can also run what-if scenarios on the options calculator that automatically adjusts the implied volatility as the strike or maturity are altered.
A unique feature of eDerivatives is its merger arbitrage tearsheets. These provide quick and easy access to overviews of pending mergers with related commentary and valuations for embedded derivatives.
The site also has easy access to relevant research including research on stub, dual-share class, and multiple listing strategies, portfolio, index, and futures research.