SuperDerivatives®, the benchmark for options and the leading multi-asset derivatives solution provider of option pricing, independent revaluation, online trading and risk management systems, announced today that Banco Espirito Santo is using its award winning SD-Banks multi-asset and cross asset platform for derivatives pricing. SD-Banks includes online transaction capabilities as well as risk management and full integration to banks’ systems.
Banco Espirito Santo (BES), is one of the highest rated banks in Portugal with principal activities in retail banking, private banking and asset management, corporate banking and investment banking. Complementing its domestic activity, BES operates international branches with a focus on Spain, Angola and Brazil.
“We were very impressed with SuperDerivatives’ SDBanks from the first time we saw it demonstrated. Following an elaborate evaluation period, we selected it for its exceptional sophistication, broad coverage and accuracy. We also liked the straightforward, user-friendly interface which considerably cuts the learning curve and quickly boosts productivity of both traders and sales people,” said Luis Pinheiro, derivatives trader, Banco Espirito Santo. “Having a single solution with modules for currencies, commodities and energy, equities and interest-rates options provides us with a comprehensive flexible solution that we could not find anywhere else.”
SuperDerivatives real-time pricing and analytics platform SD-Banks includes a variety of productivity enhancing front-office utilities. Sales personnel are able to provide clients with value-added services such as mark-to-market and risk analysis of their portfolios, while unified sales tools across the whole bank strengthen bank branding. Collaborative on-line trading and real-time messaging tools further increase productivity between the bank clients and sales, and between sales and trading desks. “We are pleased to see that Banco Espirito Santo has optimized its derivatives business utilizing SD-Banks. Both global and regional banks realize that trading and sales desks require best-of-breed technology to meet growth, revenue and cost-reduction goals,” said Dr. Yuval Levy, cto, SuperDerivatives. “Our clients all over the world are telling us that SD-Banks provides the perfect solution with comprehensive multi-asset coverage and a rich set of productivity tools. Those advantages quickly translate into significant sales and profit growth.”
SuperDerivatives’ products and services are used by numerous companies from both the buy and sell side. Its real-time pricing platforms are used by most of the world’s banks, as well as numerous corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives’ Revaluation service (SDRevaluation) is used by numerous banks, hedge funds, asset managers, fund administrators and auditors and is considered by many to be the most accurate Revaluation service on the market. SuperDerivatives’ benchmark option pricing model is the only publicly available and market tested model whose accuracy in generating real market prices for all types of derivatives has been proven and validated continuously for several years.