IBM has signed a multi-licence contract with London-based foreign exchange pricing company SuperDerivatives. The company will roll out the SuperDerivatives pricing system for currency options to the IT company's treasury team based in Armonk, New York.Cassio Calil, assistant treasurer at IBM, said traders will use the system to price a wide range of options and option structures in numerous currencies.
“For the past four years, IBM Treasury been on the path to building a bank-like structure with regards to systems, disaster recovery, skill set and software engines to properly price the risk management instruments we apply in our hedging programmes,” Calil said. “This transparency not only has the potential to save us money, but it also allows us to design, analyse and consider more efficient strategies without having to spend a large amount of time talking to our option providers.”
“The system also improves the accuracy of the mark-to-markets of IBM’s foreign exchange options portfolio, so once we have initiated any positions, we can accurately revalue them for their duration,” he added.
Other corporate treasury clients of SuperDerivatives include Alcatel, Xerox and Ford.
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.