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Foreign Exchange

Options markets: SuperDerivatives upgrades platform

The firm appears to have timed the launch of its upgraded option system to perfection.

David Gershon,SuperDerivatives

"FX professionals are now looking for the ability to offer their clients the next generation of exotic FX options"
David Gershon,SuperDerivatives

While many participants in the foreign exchange options market undoubtedly prefer to use their own or off-the-shelf pricing systems, most will be in general agreement that SuperDerivatives has played a very important role in bringing transparency to what was once an opaque sector. And the fact that it provides an easily available and independent price on a wide range of different options brings comfort to many risk managers. The company’s latest initiative is to upgrade its SD-FX option platform to include fourth-generation exotic structures, including cross asset barriers, quanto, dual euro digital, dual digital and path dependent basket options. SD-FX now covers around 150 different types of options on over 100 currency pairs.

"SuperDerivatives is a useful check, especially for financial controllers," says the global head of options of one international bank based in London. "We don’t use it to price on the trading desk, but it’s a good sales tool and it does provide an independent price which can be used to check that reported valuations are not too far off," he adds.

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