SuperDerivatives, an options and multi-asset derivatives solutions provider for real-time option pricing, independent revaluation, derivatives data, trading and risk management systems, has announced that United Bulgarian Bank (UBB) is deploying its multi-asset pricing and analytics suite.
UBB is Bulgaria's largest provider of corporate banking services, supporting customers including Shell, LUKOIL, Metro, O & B and the Bulgarian Electric Company. It is a market maker in the Bulgarian Lev (BGN) currency markets.
"The SuperDerivatives platform has improved our trading effectiveness, resulting in increased volumes, margins and profits," says Ivan Koutlov, head of treasury, UBB. "Prior to deploying the platform, we had to get data from different brokers and banks and then manually perform the calculations which wasn't always very accurate or scalable. The increased price transparency, smart marketing tools and customised hedging strategies that SuperDerivatives provides are a boost to our options business and give us a strong competitive edge with our corporate customers. We are now looking at expanding our SuperDerivatives platforms to include other asset classes," he comments.
"We welcome UBB in joining other banks in the Central and Eastern Europe region and across the European Union that are helping their corporate customers more effectively hedge risk using SuperDerivatives," says Udi Sela, head of product support, EMEA, SuperDerivatives. "Both multi-national banks and smaller regional banks are realising that their trading and sales desks need best-of-breed platforms designed for real time pricing accuracy, short learning curves, and personal and group efficiency," he continues.