SuperDerivatives upgrades SD-FX pricing platform
28 November 2005 | 1370 views | 0
SuperDerivatives, the benchmark system for options and the leading provider of option pricing, trading and risk management systems, has released a new, even more powerful version of its multi-award winning SD-FX pricing platform.
At the request of its many users, SD-FX now includes additional cutting-edge exotic foreign exchange (FX) options, such as multi-period faders with knock-outs and accumulators, basket options and variance swaps. A correlation module has also been added, allowing the real-time calculation of correlation-dependent options.
For the benefit of its rapidly expanding corporate base, SuperDerivatives has also added numerous new structured products to SD-FX, including 10-types of "forward-like" structures. These are seen as an important bridge to derivative use for corporations who have previously only utilized forward transactions for hedging, but who now want to learn how to use options.
New functionality has also been added to enable bank's sales staff to assist their clients by analyzing the efficiency and profitability of trade ideas. In addition SD-FX has added further emerging market currency pairs that have recently become more liquid. This includes the provision of full volatility surfaces, which also extends to the SD-MM-Reval service – this provides daily portfolio revaluations to clients using accurate and independent market rates. SD-FX now includes currencies such as the Slovenian Tolar (SIT) and Vietnamese Dong (VND), further underlining SuperDerivatives' continuing commitment to its original mission of bringing transparency to all currency markets.
"A major reason why SD-FX has become so popular is because our clients play a key role in its ongoing development. We have responded to customers' feedback and the new functionality has been added specifically at their request. For example, Correlation trading has become increasingly popular in the market, as have complex fader structures and variance trades; therefore, we have swiftly added them to the system. SuperDerivatives is committed to support all option structures as they become popular on all currencies," says David Gershon, President and Chief Executive of SuperDerivatives.
"The new version of SD-FX is a major upgrade and it includes over 200 new features. We are totally committed to maintaining SD-FX's position as the market's benchmark option pricing system and will continue to set the standard others have to try and follow," adds Gershon.
The latest release includes many new tools for corporate users and fund managers. Among them are powerful risk management utilities, such as the volatility sensitivity analyzer. This lets portfolio-managers assess the potential exposure of their options portfolio to simultaneous changes in both the spot rate and implied volatility, based on real market prices. A new hedging Strategy Wizard has also been added; this automatically suggests effective strategies for hedging specific currency exposure, subject to parameters defined by users. The new version of SD-FX produces sets of reports for corporations to help them measure the hedging efficiency of given cash flows.