SuperDerivatives, the benchmark system for options and the leading provider of option pricing, trading and risk management systems, has appointed Moshe Feintuch as Head of Online Trading.
This is a new division within the company.
Feintuch, who has over 15-years of experience in leading technology teams at major Wall Street firms, joins SuperDerivatives from Credit Suisse First Boston (CSFB), where he was a senior manager responsible for web-based trading, clients' electronic connectivity and order routing for the firm's equity business. He also managed CSFB's Prime Services' portal technology team.
"We are very pleased to have a person of the caliber and experience of Feintuch join our company to lead our online trading efforts," says David Gershon, President and Chief Executive of SuperDerivatives.
"As the recognized benchmark for option pricing, we have introduced a new level of transparency to the over-the-counter (OTC) markets. The natural continuation is to enable transactions on our systems. We intend to provide trading functionality to our clients on both the buy and the sell sides as an extension of the powerful services we already deliver in FX, interest rates, equity and commodities. We will do this for both the OTC and exchange-traded markets," continues Gershon.
"Moshe will head a team that initially focuses on expanding the capabilities of SuperDerivatives' existing request-for-quote (RFQ) functionality. The ultimate intention is to provide a complete one-stop shop at the front end, which will deliver accurate pricing, genuine independent mark-to-market revaluations and full trading functionality for all options on all asset classes, wherever they are traded," he adds.
Commenting on his new role, Feintuch adds: "SuperDerivatives has established an enviable reputation as being at the forefront of using technology to add transparency to complex financial markets. I am thrilled to have the opportunity to have such a prominent role in the next stage of its evolution, which will ultimately deliver the next generation of option trading functionality."