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SuperDerivatives adds deal capture to currency pricing system

12 March 2002  |  897 views  |  0 SuperDerivatives adds deal capture to currency pricing system

SuperDerivatives, a software house set up in 1999 by former derivatives dealers, has added a deal capture facility linking its online currency options pricing service to back office risk management systems. The new feature has been added specifically at customers' requests in the wake of the Allfirst FX trading debacle, says the vendor.

The new facility, available to clients on request, allows options to be priced and then processed to a customer’s back office whenever a deal is transacted. The deal entry page resides locally and can be combined with any risk management system that SuperDerivatives’ customers already have in place.

David Gershon, chief executive of SuperDerivatives, says the move is in response to a high number of requests from existing and prospective clients to incorporate a deal capture facility into its pricing system.

"The ease of deal entry from the SuperDerivatives pricing platform will remove at least some of the potential for errors and will increase the efficiency of processing trades,” adds Gershon.

The company’s goal now is to further develop the site to become a one-stop shop for trading and monitoring the risk of all types of currency options.

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