SuperDerivatives, the benchmark for options and the provider of option pricing, independent revaluation, trading and risk management systems, has been selected by Northern Trust to provide their SD-Revaluation service for currencies, interest rates and equity derivatives.
“We selected the SuperDerivatives revaluation service for its rigorous valuation process, which results in the high level of accuracy and reliability that our clients demand,” says William Inglese, the Division Manager of Asset Analysis at Northern Trust. “Given the size of our organisation and the complexity of our client portfolios, it is very important that a revaluation service consistently produces accurate results that reflect the fair market value in the OTC market. In addition, SuperDerivatives proved very flexible in accommodating the file format, delivery protocol, scheduling and all other measures required by the strict Northern Trust IT policies.”
“Northern Trust joins a large group of custodians, hedge fund administrators and investment service providers who use and rely on our revaluation services,” adds Dani Weigert, the Manager of the SuperDerivatives Revaluation Center. “Our revaluation service is unique because it provides very accurate prices that are totally consistent with the OTC inter-dealer market. The key to obtain accurate prices for complex derivatives is to have an extremely accurate pricing model. We are absolutely satisfied that our revaluation services are being used extensively for providing peace of mind and a high comfort level for asset management groups and for investors in all types of funds” .