Netherlands-based financial services group Rabobank has selected SDX from SuperDerivatives (SD), the global leader for cloud-based real time market data, derivatives technology and valuation services, to boost the efficiency and productivity of its global FX options trading operations.
Deploying SDX will enable the bank's sales teams in 15 international offices to communicate with traders in London, New York and Hong Kong and quickly price, quote and execute a trade. SuperDerivatives' consolidated and scalable front office solution will also help to increase connectivity, drive efficiency and productivity throughout the workflow.
Martijn Sorber, Managing Director for Corporate Risk and Treasury Management within the Global Financial Markets at Rabobank, comments: "As one of the largest financial institutions in the world, it is essential that we invest in the appropriate technology to ensure the highest levels of synergy between our sales and trading desks in offices across the globe. SDX gives us the tools we need to enhance internal connectivity and the confidence that we can accurately price and manage a wide range of FX derivatives throughout the lifecycle of the deal."
Amit Shalev, Regional Sales Manager at SuperDerivatives comments: "In the current financial climate, our ability to provide Rabobank with a tool that offers them flexibility and connectivity in a cost effective manner ensured that we stood head and shoulders above the competition. Our expansive global reach allowed us to collaborate on local levels with various stakeholders to thoroughly analyse individual workflows and tailor our functionality set and solutions to address wide-ranging pains head-on. We welcome Rabobank to the growing list of banks that have optimised derivatives operations with SDX."