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Bank of Queensland selects SuperDerivates front-office tech

09 July 2013  |  1289 views  |  0 Source: SuperDerivates

Bank of Queensland (BOQ), one of Australia's leading regional banks with over 270 branches nationally, has laid the foundations for success in its new Financial Markets team by choosing the front office solution from SuperDerivatives.

This includes the cloud-based DGX market data platform. The system will provide BOQ with advanced pricing capabilities and risk management tools to rival those of larger banks.

BOQ wanted to give its growing National Financial Markets team, as well as its Treasury team, the ability to price different instruments (especially around Foreign Exchange and Interest-Rates), access real-time market data and to be able to respond to clients' requests more swiftly. And as a growing regional bank they needed all this from a reliable solution that was cost-effective and scalable.

SuperDerivatives distribution solution proved to be the ideal product with independent price discovery, pre and post-trade deal management tools and real-time market data. Additionally it gives access to advanced analytics and rich coverage for the widest range of cash and derivatives products across multiple asset classes.

David Hillhouse, BOQ's Head of Financial Markets said: "The SuperDerivatives distribution solution has proven valuable for our sales and trading desks, allowing them to quickly get a comprehensive view of multi-asset portfolios, and identifying hedging and structuring opportunities for our clients.

"Having the right tools at the right price allows our team greater efficiency and, most importantly, allows us to give better service to our clients."

Noam Shefi, Regional Sales Manager at SuperDerivatives added: "We are proud to help BOQ enhance its new Financial Markets offering. Our solution will help them to increase their efficiency and improve client servicing, whilst keeping costs under control - key elements to success in Australia's competitive financial markets. We look forward to working with BOQ as they grow and succeed in the future." 

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