Bank of Israel adopts SuperDerivatives
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bank of Israel adopts SuperDerivatives

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.

The movements in the FX rates over the last 18 months, particularly the weakening dollar, has impacted on many institutions' P&L, and as such, says David Gershon, CEO of SuperDerivatives, "it is vital that institutions have the equipment in place to monitor their FX risk properly and then design and then manage appropriate hedging strategies. Institutions that do not have theright infrastructure in place will be able to capitalise on currency movements."




Gift this article