Caterpillar, the US-based manufacturer of construction machinery, has bought the SuperDerivatives system for pricing foreign exchange options.SuperDerivatives said it was the latest of several sales to buy-side institutions. Other users of the SuperDerivatives system include IBM, Ford, Xerox and Alcatel.
“I wanted a web-based pricing system that was easy to use and which provided accurate options pricing so that we could use it for developing our foreign exchange hedging strategies," said Caterpillar’s risk manager, Dan Kanyr. "SuperDerivatives meets those criteria fully."
David Gershon, chief executive of SuperDerivatives, said: “It has always been our belief that when corporations obtain greater price transparency, they will increase their use of foreign exchange options for hedging.”
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
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.