The Bank of Israel, Israel’s central bank, has adopted UK-based technology vendor SuperDerivatives' foreign exchange option pricing and analytics system.The system can be used to price complex products, as well as providing real-time analysis of the forex market.
“As a central bank, we examine, analyse and research capital flows and exchange rates, particularly, short-term instruments influencing the Israeli shekel, such as currency options,” said Ben Schreiber, head of research in the foreign exchange department at Bank of Israel.
“Few believe the market is about to suddenly stop moving, so it is vital that institutions have the equipment to monitor their foreign exchange risk properly and design and then manage appropriate hedging strategies,” said David Gershon, SuperDerivatives chief executive.
SuperDerivatives adds the central bank to an impressive list of clients, ranging from banks such as Citibank and JP Morgan Chase to corporate treasuries such as IBM and Ford.
More on Technology
IT systems not geared for trade reporting under EU anti-manipulation law
Result comes despite tougher rules on market manipulation and abuse
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
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.