Slovakia's Tatra Bank deploys SuperDerivatives platform

Source: SuperDerivatives

SuperDerivatives, the benchmark for options and the leading derivatives solution provider for multi-asset option pricing, independent revaluation, trading and risk management systems, today announced that Tatra Bank is deploying its platform for commodities derivatives.

Tatra Bank is one of Slovakia's highest rated banks and a member of the Raiffeisen Zentralbank Osterreich AG (RZB) Group, one of Central and Eastern Europe's (CEE) leading banking groups with assets over USD 100 billion and more than 40,000 employees.

"We have been using SuperDerivatives since 2006 and have been very pleased with its accuracy, ease of use and the increased productivity it brings to our traders and sales force. Now that Tatra Bank is significantly expanding its commodities business, we are again deploying SuperDerivatives to be our central mission-critical solution for benchmark pricing and revaluation. It's also a great advantage to be able to use the same intuitive user interface to access multiple asset classes," said Mr. Miloslav Paracka, Head of Treasury, Tatra Bank.

SD-CM, SuperDerivatives' benchmark system for commodity options, provides real-time, market prices, risk management and analytics for options on any traded commodity including energy products, metals, and agriculture commodities. It uses a dedicated real-time price-feed from global commodity exchanges, as well as complementary data from multiple trusted inter-bank OTC market contributors. A variety of front-office utilities are available to further increase productivity including mark-to-market and risk analysis of client portfolios, unified sales tools across the whole bank to strengthen bank branding, and collaborative on-line trading and real-time messaging tools..

"The fact that Tatra Bank is now expanding its SuperDerivatives platform after years of success with our foreign currency solution is testament to the quality and efficiency of our benchmark pricing model and online delivery strategy. We thank Tatra for their strong vote of confidence and continued support," said David Gershon, president and CEO of SuperDerivatives. "Commodities trading is on the rise with some indices reaching all time highs and fast becoming a major profit-center for sell side institutions, and an effective hedging instrument for the buy side. This combined with the young but booming Slovakian economy makes our SD-CM platform an optimal choice for Tatra Bank."

SuperDerivatives' products and services are used by numerous companies from both the buy and sell side. Its real-time pricing platforms are used by almost all the banks around the world, as well as numerous corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives' Revaluation service (SD-Revaluation) is used by numerous banks, hedge funds, asset managers, fund administrators and auditors and is considered by many as the most accurate service in the market.

The SuperDerivatives' benchmark option pricing model is the only publicly available 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.

Comments: (0)