OTC derivative valuations vendor SuperDerivatives has announced that Banco Espirito Santo (BES), a Portuguese Bank operating international branches with a focus on Spain, Angola and Brazil, is using SuperDerivatives’ multi-asset and cross asset platform for derivatives pricing, SD-Banks. SD-Banks includes online transaction capabilities as well as risk management and integration to banks’ systems, says the firm.
“We were impressed with SuperDerivatives’ SD-Banks
platform from the first time we saw it demonstrated,” remarks Luis Pinheiro, derivatives trader, BES. “Having a single solution with modules for currencies, commodities and energy, equities and interest rates options provides us with a comprehensive and flexible solution.”
Sales personnel can use SD-Banks to provide clients with services including mark-to-market and risk analysis of their portfolios.
“We are pleased to see that BES has adopted SD-Banks. Both global and regional banks realise that trading and sales desks require best-of-breed technology to meet growth, revenue and cost-reduction goals,” comments Dr. Yuval Levy, CTO, SuperDerivatives.