SuperDerivatives Extends Market Data Offering to Include Credit Options

Derivatives technology and trade execution provider SuperDerivatives has launched a market data and analytics package to support the growing demand for credit index options from the buy-side.

The company now offers a cloud-based service for market data, pricing, trading, risk management, intraday and end of day market data and revaluation of credit options together with its offering for all other credit and structured credit products.

SuperDerivatives offers volatility surfaces for a wide range of credit indices, including the iTraxx Main Index, Crossover Index and Senior Financials index, as well as the CDX IG and High Yield indices. The credit options offering is supported on both SDX, SuperDerivatives’ multi-asset front office system, and DGX, the real-time market data, news and analysis platform.

So far over 20 asset managers and hedge funds are already using the service for pricing and revaluation.

David Ezra, head of Credit Derivatives at SuperDerivatives comments: “Over the last year we have seen a significant demand from the buy-side for accurate market data and analytics to enable more effective hedging and management of credit index options and other credit derivatives products. In the current market conditions, companies are acutely aware of the need to monitor and manage the risk associated with these complex products very closely.”