SG renews SuperDerivatives FX options pricing service

SG's global head of foreign exchange options, Jean-Baptiste Destremau, said he extended the bank’s contract with SuperDerivatives as it offered a speedy service to obtain good references to market prices. These actual market prices can vary significantly from theoretical values of options classes, according to SuperDerivatives.

The London-based vendor lets banks input their own market rates into its system, then books deals into its clients' own risk management systems. The service also offers a daily profit and loss service along with other risk functions using the SuperDerivatives price engine.

SuperDerivatives covers both vanilla and exotic forex options. It was set up in 1999 as an internet-based service to bring transparency to the forex options business and help companies better optimise their hedging and trading needs.

Users include major dealers, brokers, hedge funds, auditors and corporate treasurers.

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