Top Singapore dealers sign up for SuperDerivatives’ SD-FX

In the first few months of this year, Singapore’s DBS Bank, United Overseas Bank, OCBC, Singapore-based broker GK Koh and the Singapore branches of HSBC, ING and WestLB, KBC, Mizuho and Refco all signed up to the currency option pricing system.

“SD-FX is very user-friendly. It incorporates all the options we need in a single platform [and] its prices are always very close to the market. It is also independent, which is important,” said Vincent Poon, an associate director at WestLB.

“I’ve found that the prices on systems given out by some of the big banks can be skewed to reflect their positions. SD-FX is neutral and it’s quick and user-friendly,” he added.

Similarly, GK Goh’s managing director, Wong Joo Seng, noted that the system has been particularly helpful with the brokerage house’s decision to expand its products and services beyond ‘bread and butter’ spot and forward FX. “I like SD-FX a lot because we can access its error-free pricing easily,” he said. “It tells us where the market is, and that’s important for a company like us, looking to deliver cutting-edge pricing to our clients.”

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• Topics
• DBS Bank
• HSBC
• KBC Group
• Mizuho Bank
• OCBC Bank
• SuperDerivatives
• Technology
• United Overseas Bank (UOB)
• Technology