SuperDerivatives, a provider of multi-asset, front-office systems, has launched a trading platform for the foreign exchange market that integrates price discovery, reporting and execution.
Aimed at both buy-and sell-side users, the system, called next generation FX, can be used to trade high-margin, exotic structures as well as vanilla FX options.
According to SuperDerivatives, next generation FX is a web-based platform that operates in real-time and can be integrated into any information and trading architecture, connecting to trading and sales desks, and interfacing with middle and back office systems, thus reducing operational risk and facilitating faster trading.
The firm said that the systems can manage practically all types of FX instruments, from spot and forwards through to higher yield 3rd and 4th generation options and correlation structures including cross asset barriers, dual digitals and path dependent baskets. The platform coverage spans over 150 different instrument types on over 100 currency pairs, connecting a diverse community of counterparties across both developed and emerging markets.