Sophis has extended its agreement with HVB group. Under a new agreement, a newly-formed Structured Derivatives Division within the Corporate & Markets division of HVB Group will use RISQUE as its main platform for sales, trading, structuring, risk control and operations in front, middle and back offices.
“As a long-standing Sophis client, we are convinced by the vendor’s speed of business innovation and the rapidly growing depth of the system coverage regarding cross-asset trading and structuring capacity as well as the front-to-back integration, which are essential success factors for our fast-evolving, cross-asset structured derivatives business platform,” explains V. Pappas, Managing Director of the Structured Derivatives Division at Corporate & Markets of HVB Group.
“HVB is developing a trading and risk management platform on complex derivatives products,” adds R. Eschbach, CIO for Corporate&Markets of HVB Group. “We went through a careful vendor evaluation process to figure out which system could best support our ambitious business objectives. We have had a close-working relationship with Sophis in our Equity division, which has grown rapidly with their system. HVB also contributed significantly on the development of exotic Interest Rates derivatives module of Sophis RISQUE. RISQUE stood out as the system which could best meet our needs in terms of product sophistication and vendor commitment.”
“This is a very significant partnership enhancement between HVB and Sophis, and I am very pleased with this renewed commitment,” says Herve Vinciguerra, Chairman of Sophis. “In the last few years, we have followed the market needs and put great effort into developing a global cross-asset platform, covering both cash securities and derivatives business in foreign exchange, equities, fixed income, credit instruments and commodities. We are delighted that this integrated business concept is well-accepted among our existing and new clients. “