SuperDerivatives, an options and derivatives solution provider for multi-asset option pricing, independent revaluation, trading and risk management systems, yesterday announced that Landsbanki, Iceland’s second largest bank, is deploying its real-time multi-asset pricing and analytics platform. The deployment involves trading, sales and structuring desks of its international banking division using multiple modules within the platform including equities, commodities, currencies and interest rates.
“One of the major reasons we selected SuperDerivatives’ multi-asset system is that it enables our sales team to get competitive prices for derivatives products on all asset classes,” explains Arnar Jonsson, head of FX and derivative sales, Landsbanki. “SuperDerivatives’ multi-asset system empowers our team to provide a complete service to our buy-side clients and meet their needs for various products. We operate in an extremely competitive landscape and in order to win business we need to constantly provide outstanding service, be creative and offer competitive pricing.”
Jonsson continues, “Additionally, the multi-asset system enables us to offer cross-asset structures to clients. Ultimately, the platform enhances our options business through increased price transparency, advanced marketing tools and customised hedging strategies. These capabilities are imperative for growing a competitive, profitable derivatives business.”
The SuperDerivatives real-time pricing platforms include productivity-enhancing front-office utilities, the firm says. Sales personnel are able to provide clients with value-added services such as mark-to-market and risk analysis of their portfolios, while unified sales tools across the whole bank strengthen bank branding. Collaborative on-line trading and real-time messaging tools further increase productivity between the bank clients and sales, and between sales and trading desks.
“Landsbanki is rapidly realising the benefits of our multi-asset real-time pricing and analytics productivity platform and has chosen to adopt the system throughout its organisation,” says Udi Sela, EMEA head of product services, SuperDerivatives. “Global banks and smaller regional banks now understand that in order to achieve their aggressive growth and profitability goals, sales desks need to be equipped with best-of-breed platforms. With that in mind SuperDerivatives has developed a platform that is designed for wide multi-asset coverage, accelerated learning curve, collaboration, and personal and group efficiency.”