SuperDerivatives, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, has been chosen by Carnegie Investment Bank AB to perform independent valuation services for its equity derivatives portfolio.
Founded in 1803, Carnegie is the largest independent Nordic investment bank, providing a wide array of financial products and services from offices in eight countries: Sweden, Norway, Denmark, Finland, Luxembourg, Switzerland, the UK and the US.
"As part of a complete revision of our risk and compliance infrastructure, we needed an independent revaluation solution for our equity derivatives portfolio. Following an extensive evaluation process, we selected SuperDerivatives' SD-Revaluation," said Per Jutemar, group operational risk manager, Carnegie. "Beyond its proven accuracy, we were impressed with the service's extensive coverage for both Nordic and international equities."
SuperDerivatives Revaluation Center (SD-Revaluation) is available for all major asset classes of derivatives: foreign currency, interest rates, commodities, equities, energy and credit. It utilizes SuperDerivatives' benchmark pricing model with the company's award-winning market derivatives data as input, providing unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.
"We are pleased to have Carnegie join the many financial institutions that are using SuperDerivatives to value their trading books. Our market-leading coverage spanning thousands of equities and indices from virtually any country played a key role in Carnegie's decision," said Dani Weigert, head of revaluation services, SuperDerivatives. "Recent market turmoil combined with the operational risk inherent to options trading have underlined the need for systematic, independent risk management. Our combination of award-winning derivatives data and modeling has made SuperDerivatives a leading provider of independent revaluation services."