BancSabadell d'Andorra, a subsidiary of Banc Sabadell, has chosen SDX from SuperDerivatives (SD), the derivatives benchmark and leading multi-asset front office system, to increase its structured products investment offer to customers.
BancSabadell will roll out SDX to improve its ability to deliver accurate pricing for complex cross-asset derivative products structured with equity, credit and FX. In addition, the bank will use SDX's suite of value-added tools, including the back-testing module, scenario analysis and term sheet generator, to increase added value to customers.
"As one of the key players in private banking in Andorra, it is essential for BancSabadell d'Andorra to maintain the highest levels of quality and transparency to our customers. As the market grows more sophisticated, SDX will give us the tools we need to develop innovative investment products, with the confidence that we can accurately price them according to the market conditions and manage them throughout the lifecycle of the deal," said Jordi Vilardebo, Chief Operations Officer at BancSabadell d'Andorra.
Herman Buzali, Regional Sales Manager at SD said: "We are very excited to be making an entrance in the Andorran private banking industry and look forward to increasing transparency and confidence in the regional derivatives market. We welcome BancSabadell d'Andorra to the growing list of companies that have optimised derivatives operations with SDX."