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
Business strategies must be able to leverage technologies with right attitudes in place, say C-Level panelists.
Derivatives venues, underlying ledger technology in focus.
Numerix stays ahead of the pack; run close by Bloomberg and Thomson Reuters
Julia Philipp recommends targeted defences, data sharing and response planning
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.