ICBC (Asia) - the Hong Kong arm of Industrial and Commercial Bank of China - is rolling out technology from SuperDerivatives to support its foreign exchange and interest rates derivatives activity.
SuperDerivatives says the system will provide the bank's sales teams with access to accurate, real-time market prices, risk management and analytics for all currency options.
Edmund Lai, head, treasury and markets, ICBC (Asia), says: "With accurate and real-time pricing power, SD will allow us to customise new products and to explain them clearly to clients so that they have a full understanding of what they are buying and the associated risks."
David Gershon, CEO, SuperDerivatives, adds: "Banks need to differentiate themselves even more clearly now as the market becomes increasingly vanilla. End investors, whether corporate or retail, are approaching derivatives with more caution and need a clear understanding of what they're buying. This is where SD can make a difference."