Leading Portuguese investment services provider Banco BiG has chosen SDX from SuperDerivatives (SD), the derivatives benchmark and leading multi-asset front office solution, to drive its equity derivative business.
As a leading liquidity provider for options in the Portuguese indices and stocks market, BANCO BiG was looking to increase options trading volumes and number of participants in the market.
João Henrique, Derivatives Trader at BANCO BiG comments: "Due to the illiquid nature of the Lisbon PSI20 index and stocks market, market takers can often be hesitant to invest. As an established provider of transparency, SD can generate accurate prices when supplied with the necessary data from BANCO BiG, improving liquidity in the market overall."
SD will provide BANCO BiG with a solution to meet all its needs, including market-accurate equities and interest rates options pricing and analytics. In return, the Portugal-based bank will make its independent market data for the PSI20 index and stocks available to SD's clients.
Mikael Benguigui, Head of Equity Derivatives Sales at SD, comments: "By entering BANCO BiG's market data into our independent equities pricing tool, we will enable SD users to improve their market insight and confidence and therefore increase the trading volumes in Portuguese indices and stocks.
"We welcome BANCO BiG to the growing list of Portugal-based companies that have enhanced transparency in the derivatives market with SD."