SuperDerivatives, the benchmark for options and the derivatives application provider, has partnered with Microsoft for its integrated MiFID application in the area of Best Execution for OTC Options.
“Many institutions in the capital markets area still see best execution as the most contentious section of the MiFID regulation,” says Ian Warford, the industry director for securities and capital markets at Microsoft EMEA, Financial Services. “Trying to achieve best execution for flow products which may be traded on a variety of different exchanges, multilateral trading facilities and systematic internalisers can be a difficult process particularly for OTC derivatives. Microsoft believes that with the help of SuperDerivatives’ pricing platform we will be able to help financial organisations comply with best execution requirements. SuperDerivatives technology is entirely in alignment with Microsoft’s strategy for MiFID; it is easy to integrate, cost effective and ready for use today.”
“We are very happy to partner with Microsoft in serving financial institutions across Europe, all pressed to comply with MiFID, particularly for complex OTC options and structures,” adds David Gershon, the Chief Executive Officer of SuperDerivatives. “Our many users have told us that we provide them with a unique service allowing them both to comply with MiFID and drastically reduce risk and prevent losses. Our Trade Price Auditor TM service is a prime example of the extreme efficiencies provided through the combination of advanced Microsoft web technologies in conjunction with the SuperDerivatives benchmark option pricing model and accurate real-time market data.”