20 October 2017

DBS Bank selects DerivaTech for currency options trading

03 December 2001  |  5944 views  |  0 DBS Bank selects DerivaTech for currency options trading

Singapore-based DBS Bank has chosen software from DerivaTech to support its expanding options business.

The bank will deploy DerivaTech OTC to construct single and multi-leg structures in both vanilla and exotic flavours.

Conrad Kwok, head of FX options at DBS, explains: “With the expansion in our business, both in volume and sophistication, our existing legacy system became less effective."

Frank Wong, senior managing director and head of treasury & markets at DBS, adds: “We’ve found that DerivaTech’s Monte Carlo pricing for exotics, which uses the full volatility surface, gives really close-to-the-market results. It’s pretty fast and intuitive to use, with no training or major implementation effort required. We were up and running in a matter of days."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

DerivaTech names Paul Tennola as COO

DerivaTech names Paul Tennola as COO

10 October 2001  |  2740 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister nowvisit www.fivedegrees.nl

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15877 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8992 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8104 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7172 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6312 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job