Standard Chartered has implemented the Risque trading and risk management platform from Paris-based Sophis to support its new equity derivatives operations in Singapore and Hong Kong.
Sophis says the bank has gone live with its full front-to-back platform and is managing its risks in the platform, as well as using VaR and reporting modules.
Bernard Yu, global head of equity derivatives at Standard Chartered, says: "We are expanding into the fast-evolving Asian equity derivatives market and with Sophis Risque to support our venture we will be able to rapidly build out a strong business."
Yu says the system's structure builder tool will enable traders to develop a regular supply of new structures and hybrids quickly and easily.
Corinne Grillet, COO for Asia Pacific, Sophis, says the implementation was completed in four months.