Taiwan's Bank SinoPac has adopted SD-FX, the benchmark pricing system from SuperDerivatives, for the launch of its new exotic options business.
Andrew Wang, an options trader at Bank SinoPac says that clients are increasingly looking to use exotic options as part of their trading strategies.
"To do this in a way that lets us retain control of our business, requires an accurate and independent pricing system," he says.
This latest order marks another Asia-Pacific success for SuperDerivatives, which last week reported ten sales this year to institutions in Singapore.
Peter Mullins, regional sales manager for SuperDerivatives, says: "Word of mouth has led to a huge increase in demand for SD-FX across the entire Asia-Pacific region."