09:06 AM
SuperDerivatives Helps Danish Firm Accelerate Growth in Interest Rate Derivatives
SuperDerivatives, a derivatives pricing and provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, has been chosen by FIH Erhvervsbank A/S to strengthen and expand its capacity to trade interest rate derivatives. FIH has deployed SuperDerivatives' SD-IR platform, including its derivatives trade execution module, to all of its sales and trading desks. The SD-IR platforms will be integrated with the bank's back office system using the SuperDerivatives SD-Connect application integration framework.
One of Denmark's largest banks, FIH is a corporate and investment bank specializing in financial services to Danish corporates. It serves more than 4,500 medium and large sized enterprises in most sectors of the Danish business community. FIH is fully owned by Kaupthing Bank. "As one of Denmark's leading corporate and investment banks, we needed to increase our competitive edge by adding the capability to take open positions on interest rate options and trade more exotic instruments. After rigorous evaluation, we selected the SuperDerivatives SD-IR platform. It provides the expanded coverage and automation to better serve our customers, and has an interface that is easily mastered by our sales and trading desks," said Erik Jensen, head of trading at FIH, in a press release.