25 April 2018

DBS Bank selects DerivaTech for currency options trading

03 December 2001  |  6021 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."

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