Buy-side demand drives SuperDerivatives credit index options tool

Data and execution provider SuperDerivatives has launched an analytics offering for credit index options to meet growing demand from asset managers.

Data and execution provider SuperDerivatives has launched an analytics offering for credit index options to meet growing demand from asset managers.

The credit options offering provides volatility surfaces for credit indices including the iTraxx Main Index, Crossover Index and Senior Financials index as well as its CDX Investment Grade and High Yield indices. The offering is available through SuperDerivatives’ front office system, SDX and its market data platform, DGX.

David Ezra, head of credit derivatives at SuperDerivatives said more than 20 asset managers and hedge funds had started using the service for pricing and revaluation.

“Over the last year we have seen significant demand from the buy-side for accurate market data and analytics to enable more effective hedging and management of credit index options and other credit derivatives products,” Ezra said in a statement.

“In current market conditions, companies are acutely aware of the need to monitor and manage the risk associated with these complex products very closely.”

Ezra said the firm, whose solutions are based on cloud systems, aims to become a one-stop-shop for institutions looking to reduce system expenditure while building out multi-asset derivatives trading capabilities.

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