SuperDerivatives signs 10 financial institutions in Singapore

SuperDerivatives has seen unprecedented demand for SD-FX, its foreign exchange (FX) option pricing system, from Singapore-based customers during the first few months of 2004.

First Published by e-Forex News: July, 2004

SuperDerivatives has seen unprecedented demand for SD-FX, its foreign exchange (FX) option pricing system, from Singapore-based customers during the first few months of 2004. New users include local banks such as DBS, UOB and OCBC, Singapore-based broker G K Goh, as well as the Singapore branches of HSBC, ING, WestLB, KBC, Mizuho and Refco.
According to Conrad Kwok, managing director for FX Derivatives at DBS, there are numerous reasons for implementing the use of SD-FX. We like the systems accuracy and the comprehensiveness of its pricing, says Kwok. SD-FX allows us to distribute our own volatility rates to the banks sales staff in overseas branches. This helps the traders cut down their workload, with no compromise on pricing and allows them to concentrate more fully on developments in the market, he adds.