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SuperDerivatives launches valuation platform
16 April 2012
The platform allows institutions to manage derivatives valuation from file upload to valuation retrieval
SuperDerivatives (SD), the derivatives benchmark and multi-asset front office solutions provider, has launched a platform for on-demand derivatives revaluation, eValueX.
The multi-asset platform, which is being rolled out to all SD’s valuation clients at no extra cost, allows institutions to manage the entire derivatives valuation workflow from file upload to valuation retrieval.
eValueX enables users to view the market data used in the calculation of each trade, including curves, dividends and volatility surfaces and connects directly to the SDX front office platform for further investigation, scenario analysis and remediation.
"Extreme market volatility and stringent compliance demands have generated a new urgency for intraday, independent valuations. Financial firms can no longer wait until end of day for these updates - real time data is vital," said Howard Tai, senior analyst, Aite Group. "Transparency and standardisation is a must-have to ensure proper management of OTC derivatives portfolios for both investors and regulators."
eValueX also allows clients to investigate the results of valuations and their sensitivities to market data. Features of the platform include automated comparison tools for counterparty marks, colour-coded comparison tools for customisable tolerance levels and direct access to market data components and terms structures.
eValueX runs on SD’s global cloud and can support huge portfolios in real-time. The system enhances the reconciliation process by enabling users to access their own administration system to review and correct file uploads and initiate valuation files on demand. Users that use multiple valuation sources can upload them to the system and apply the functionality of eValueX to other valuation sources as well.