OTC derivatives valuation provider SuperDerivatives has launched an online multi-asset class derivatives platform that it says offers a combination of accurate pricing, analytics, trading, risk management and compliance reporting. It is aimed at hedge fund managers in particular, and fund managers in general.
Called SD-Funds, the platform includes all pre-trade and post-trade activities, with features designed for hedge fund and long only fund managers, covering all assets and derivatives classes.
Backward testing of strategies allows accurate retroactive performance comparison of alternative derivatives trading strategies, based on detailed historical 12-year market data.
Completed trades can be directly captured into fund administrators and prime broker systems using straight through processing (STP).
SD-Funds also incorporates the SuperDerivatives independent revaluation service (SD-Revaluation) utilizing the SuperDerivatives benchmark pricing model. Compliance with various regulations such as MiFID best execution is incorporated too, using features such as built-in automated price auditing.
Web-based SD-Funds aims to provide real-time market-accurate prices for a wide range of vanilla and exotic options, both over-the-counter (OTC) and exchange traded products, in all asset classes including cross-asset hybrids.
SD-Funds also include analytical and structuring utilities, as well as mark-to-market and net asset value (NAV) reporting in a multi-asset class, risk management system. The system can be customized for different reporting formats and standards and supports any back office requirement.
“The launch of SD-Funds is a milestone for SuperDerivatives and one of the biggest technological achievements of the company to date,” says David Gershon, president and CEO of SuperDerivatives. “We’ve created an extremely rich multi-asset solution for hedge funds and asset managers, a solution that contains all the elements required by portfolio managers and traders. The development of SD-Funds took over two years, during which we incorporated various SuperDerivatives technologies that were successfully proven in our other platforms, such as on-line trading and rich customizable reporting tools,” he adds.
Gershon continues, “SD-Funds was designed with considerable feedback from many hedge funds and asset managers. We strived to incorporate all the requests and requirements we received which resulted in a very user-friendly and intuitive yet powerful system, and most importantly a system that embeds optimized risk management capabilities. I am certain that SD-Funds will have a huge, positive impact on the hedge fund and asset management industries, which is definitely in the best interest of fund investors and the financial community in general.”