The Wallis Group, one of Hungary's largest holdings companies, has selected SuperDerivatives (SD), the derivatives benchmark, to improve its ability to hedge cross-border currency exposures and to access independent portfolio valuation for auditing purposes.
The Wallis Group, which specialises in investment, consulting and asset management, is a multinational company and needed access to accurate, independent pricing for FX derivatives to manage risk though hedging exposure to fluctuations in the currency markets across the world
The SD-FX pricing solution was chosen by The Wallis Group for its ability to provide real-time, independent pricing for the widest range of FX derivatives, from vanilla to the most advanced structures. The unique solution will enhance the transparency of the organisation's entire derivatives business, and will also give the treasury team access to mark-to-market values, enabling compliance with international auditing regulations.
SD is considered the world's benchmark for independent derivatives pricing, front office productivity tools and revaluation. It is used by many of the world's largest corporations, as well most of the banks in the world that trade derivatives and numerous hedge funds, brokers, auditors and central banks.
Tamas Onody, Group Treasury Director, The Wallis Group, comments: "As an international holdings company, we operate across borders and currencies and can therefore be affected by a number of factors in the global financial markets. FX derivatives allow us to hedge this risk, but we needed a tool that would allow us to determine the real market price of the different instruments we use. SD is in a league of its own when it comes to the accuracy of its pricing and wide coverage."
David Shulman, Regional Sales Executive, SD, comments: "SD's combination of vanilla and advanced derivatives price discovery, award-winning market data, sophisticated analytics, and an intuitive user-friendly interface will give The Wallis Group the power to more effectively manage risk and maximise business opportunities.
"Our Software as a Service approach uses an intelligent open architecture and substantially reduces the cost of implementation for corporations wishing to step up their risk management with maximum return on investment."