"SD-IR will ultimately benefit everyone who has exposure to interest rates," says Lewis Ranieri, Chairman of SuperDerivativesâ Advisory Board. "Over the years, there have been many developments that have helped make it easier to manage interest rates exposure and risk. SD-IR is one of the most significant," he adds.
SuperDerivatives will build on the outstanding success it has experienced in the foreign exchange (FX) market with its multi award-winning SD-FXâ¢ platform.
"SD-FX has set new standards for the FX market. Right from its launch in 2001, it introduced a completely new level of transparency and significantly broadened the number of participants in the FX options market. There is every reason to believe that SD-IR will have the same impact in the world of interest rate derivatives," adds Ranieri.
David Gershon, chief executive of SuperDerivatives, says: "I believe that we completely revolutionized the FX options market when we made accurate option pricing available to everyone with our benchmark prices. SD-FXâ¢ is now used across the whole FX spectrum. Not only are the majority of banks using it, but so are numerous hedge funds, corporations, accounting firms and central banks."
He adds: "We have been asked consistently when we would bring the same level of transparency to other asset classes. SD-IR is a product that has been keenly awaited. Weâve already had hundreds of users register for SD-IR it since we launched the beta version. It is so obvious that the interest rate options industry needs an accurate pricing system, exactly like the FX options community 5-years ago."
SuperDerivatives will follow the same blue print it established with the multi award-winning SD-FX system. "We believe that SD-IR will set new standards for the interest rate options market and a new level of transparency. It will help broaden the number of participants in the market and improve the efficiency in using interest rate options by the buy side. I foresee that in a couple of years we will see the volumes of interest rates options soar," concludes Gershon.
SuperDerivativesâ products are used by numerous companies from both the buy and sell side. Almost all the banks around the world that are active in FX options use its SD-FX pricing platform, as do many corporations and hedge funds.