Grupo Santander licenses SuperDerivatives commodities options pricing platform

Source: SuperDerivatives

SuperDerivatives, the benchmark for options and the leading provider of option pricing, independent revaluation, trading and risk management systems announced today that Grupo Santander (SAN.MC, STD.N) has licensed its commodities and energy real-time pricing and analytics platform SD-CM.

Santander, the Euro zone's largest financial institution by market value, chose SD-CM to be used by its energy and commodities options desks as it expands its European and Latin American energy and metals derivatives business. Grupo Santander's currencies options desk has been using other SuperDerivatives products successfully for the past several years.

"We decided to adopt SD-CM after we tested the platform and verified that it has the accuracy and flexibility we required. The decision to license SD-CM was a natural extension of our first-hand experience and confidence in SuperDerivatives' unique pricing, analytics and client-marketing capabilities", said Jose Manuel Colina, Managing Director for Derivatives at Santander. "We have benefited from the SuperDerivatives pricing platforms for years on both the trading and marketing sides. When making the decision to further expand our commodities business, SD-CM clearly appeared as the most effective vehicle for achieving rapid time to market and best serve our clients."

Daniel Kadim, a SuperDerivatives Sales Director commented "We are pleased that after thorough testing of the accuracy and functionality of SD-CM, Santander chose the platform as one of the building blocks of its expanding commodities and energy options business. Santander will be joining a long list of leading banks, hedge funds and corporations who have similarly found that the platform provides the most accurate pricing, richest set of analytical utilities as well as mark-to-market and portfolio revaluation"

"As a company, we put a lot of effort towards making SD-CM the most accurate, powerful and user friendly tool available for all commodities and energy options-market participants. By making the platform an integral part of their options-desk operations, Grupo Santander and other leading banks attest to our success in achieving this ambitious goal" Kadim Concluded.

SuperDerivatives' products, including real-time pricing and analytics systems, risk management systems, portfolio revaluation services, options market data portal and online trading capabilities, are used by numerous companies from both the buy and sell side. Its pricing platforms are used by almost all the banks around the world that are active in options, as well as by numerous corporations, asset managers, hedge funds, auditors and central banks.

SuperDerivatives' benchmark option pricing model is the only publicly visible and market tested model whose accuracy in generating real market prices for all types of derivatives has been proven and validated continuously for several years.

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