The SuperDerivatives benchmark currency options pricing system is to be made available to users of Reuters 3000 Xtra.
SuperDerivatives provides the real time market price (bid and offer prices) for all classes of options in over 50 currency pairs. Reuters is offering the package to 3000 Xtra subscribers under a free trial.
Reuters subscribers will also be able to access SuperDerivatives’ mark-to-market (MTM) and correlation rates, without additional fees. In addition, SuperDerivatives will provide updates for 25-delta risk reversal rates for a few major currency pairs. These will initially be on one-, three-, six- and 12-month intervals.
The agreement between the firms comes as new accounting standards demand greater accuracy in the pricing of options, bringing improved transparency to the market.
Mark Robson, managing director, Reuters treasury services, says: "The deal with SuperDerivatives will provide our FX dealing community with one of the leading FX option pricing and analytics systems. SuperDerivatives market prices are the same as those quoted between inter-dealer brokers, meeting Reuters aim to bring greater transparency and accuracy to the FX market place."