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SuperDerivatives adds buy-side interface to currency pricing system

31 January 2003  |  2480 views  |  0 SuperDerivatives adds buy-side interface to currency pricing system

SuperDerivatives, a software firm set up by former derivatives dealers, has launched a buy-side interface for its currency options pricing system.

SuperDerivatives says the new interface allows users to configure the system to show the level of information needed to price and trade options.

Richard Bowden, head of European sales, SuperDerivatives, says typically end users from the buy-side and staff at sales desks who service them do not require the same amount of information about an option as market makers or structurers.

"We consulted with many of our clients on the buy-side and with users on banks' sales desks before we completed the design of the new interface. We believe it will prove both popular and useful," adds Bowden.

In a further move, the vendor has also introduced a licensing service for its pricing engine for revaluation and risk management purposes.

SuperDerivatives chief executive, David Gershon, says this will enable currency option users to revalue all of their positions with actual independent market prices.

"It is quite well known that mark to market revaluation using the 'theoretical value' or Black-Scholes style pricing can deviate from the market value significantly. Using our engine to revalue P/L and Greeks will improve both the transparency of the portfolio and the hedging required," he adds.

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