Warsaw-based BRE Bank has licensed and implemented DerivaTech’s OTC product for foreign exchange options.
The bank, the only local market maker in Polish Zloty options, will use the OTC pricing module in its foreign exchange and treasury sales groups.
BRE Bank’s head of foreign exchange and senior FX option dealer, Piotr Mielus, says: "We were looking for a system that could meet the requirements of our expanding needs as we move into the more complex exotic options market. It was imperative for us to be able to do multi-leg strategies and view high-end graphics and DerivaTech’s OTC could do it all."