Bear Stearns licenses DerivaTechs platform

DerivaTech, the specialist provider of advanced currency derivatives pricing, analytics and risk management applications, has recently announced that Bear, Stearns & Co.

First Published by e-Forex News: October, 2002

DerivaTech, the specialist provider of advanced currency derivatives pricing, analytics and risk management applications, has recently announced that Bear, Stearns & Co. Inc. has contracted with it to license and implement the DerivaTech FX Risk Management Platform for its options trading and distribution in New York and London. Bear Stearns solution search was driven by an aggressive strategy to grow their Exotic FX Options and Structured Products business. Additionally, Bear Stearns needed a solution that would be unparalleled in managing their risk.
Bernd Broker<br>After conducting an extensive analysis, it was clear that DerivaTech had the best solution on the market for managing risk and meeting Bear Stearns operational requirements for an integrated solution, said Bernd Broker, London Manager of Foreign Exchange at Bear Stearns.