Northern Trust deploys SuperDerivatives revaluation service

Source: SuperDerivatives

SuperDerivatives, the benchmark for options and the leading provider of option pricing, independent revaluation, trading and risk management systems, announces that Northern Trust has selected SD-Revaluation service for currencies, interest rates and equity derivatives to revalue the portfolios it manages for its clients.

Northern Trust, a leading custodian and investment service provider, has extensively verified the accuracy of the revaluation service in all the products and asset classes prior to signing for the service.

"We selected the SuperDerivatives revaluation service for its rigorous valuation process, which results in the high level of accuracy and reliability that our clients demand," says William Inglese, Division Manager of Asset Analysis at Northern Trust. "Given the size of our organization and the complexity of our client portfolios, it is very important that a revaluation service consistently produces accurate results that reflect the fair market value in the OTC market. In addition, SuperDerivatives proved very flexible in accommodating the file format, delivery protocol, scheduling and all other measures required by the strict Northern Trust IT policies."

"SD-Revaluation provides independent valuation services, across asset classes and products, and will provide us with global scalability with its completely automated and streamlined processes. Our clients, who include some of the world's largest pension funds, require us to obtain independent, credible and accurate prices for their derivatives, and SuperDerivatives provides exactly that," concludes Inglese.

The SuperDerivatives Revaluation Center utilizes the SuperDerivatives Benchmark pricing model for options. This is the only publicly visible and market tested option pricing for options whose accuracy in generating real tradable market prices has been proven and validated globally for over five years, so it is generally accepted as generating the genuine fair value of derivatives. All market data inputs are qualified by SuperDerivatives Market Data division. The entire valuation process utilizes state of the art technology infrastructure and is supported by a large R&D team as well as experienced options traders from various markets and quantitative analysts. As a result, the service provides the most qualified and feasible solution to the MiFID "best execution" requirement.

Dani Weigert, Manager of the SuperDerivatives Revaluation Center comments: "Northern Trust joins a large group of custodians, hedge fund administrators and investment service providers who use and rely on our revaluation services. Our revaluation service is unique because it provides very accurate prices that are totally consistent with the OTC inter-dealer market. The key to obtain accurate prices for complex derivatives is to have an extremely accurate pricing model. We are absolutely satisfied that our revaluation services are being used extensively for providing peace of mind and a high comfort level for asset management groups and for investors in all types of funds."

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.

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