SuperDerivatives, a provider of web-based derivatives pricing platforms, has announced that hedge fund administrator Columbus Avenue Consulting (Columbus) has selected its credit derivatives platform, SD-CD, to price its clients’ portfolios.
With over $6.5 billion in assets under administration and over 45 employees worldwide, Columbus offers full onshore and offshore administrative services to hedge fund and fund of hedge fund clients.
“With credit derivatives increasingly prevalent in our hedge fund clients' portfolios, we needed an independent accurate and reliable pricing and analytics solution. We chose SuperDerivatives’ SD-CD after confirming the platform’s accuracy by comparing the prices it produces with actual traded prices and dealer quotes,” remarks Joseph Holman, president and CEO, Columbus. “We found SD-CD to be the only system of its kind, offering all the historical and real-time data feeds we need. SD-CD has also give a boost to our productivity as it enables us to track all of our portfolios on one screen," he adds.
An integral part of the SuperDerivatives multi-asset real-time pricing and analytics platform, SD-CD covers a variety of credit default single names such as sovereigns, agencies, corporate and municipals, as well as credit default indices. The SD-CD platform provides intraday pricing relying on tradable two-way data from multiple sources, portfolio utilities and all market risk metrics.
"We are delighted to welcome Columbus to our customer roster of hedge funds and sell-side and buy-side institutions in both the front and middle office. SD-CD has proven itself to be an exceptionally accurate platform, consistently producing rates that reflect the inter-dealer market consensus prices and spreads. There is an increasingly strong demand for this level of pricing and risk management functionality for credit derivatives," comments Sasha Rozenberg, credit product manager for SuperDerivatives. In 2008 the firm aims to continue to expand the coverage and functionality of the system.