SuperDerivatives
SuperDerivatives (est. 2000) is an American-based financial services company.
Company
The company was founded by Dr. David Gershon and Dr. Menashe Banit in 2000 who developed their own models for options pricing.[1] In 2004, SuperDerivatives established a market data division publishing implied data from the OTC markets. This was followed by the launch of an independent valuation service.[2] In 2010, they created a cross-asset derivatives pricing, structuring and pre-trade analysis system, called SDX.[3] In 2011, they created a multi-bank trading system for FX options in partnership with FXCM Pro, called DCX.[4] In late 2012, they established a market data platform called DGX.[5]
SuperDerivatives has eight global offices in Europe, APAC and Americas.
Mergers and Acquisitions
In September 2014, Intercontinental Exchange announced that it had entered into a definitive agreement to acquire SuperDerivatives. The acquisition was said to accelerate the expansion of ICE’s comprehensive multi-asset class clearing strategy. Terms of the all-cash transaction included a purchase price of approximately $350 million. Completion of the transaction was subject to regulatory approval and other customary closing conditions. The transaction successfully completed on 7th October 2014.
Awards and honors
- 2013 Data Product Launch of the Year
- 2013 Best New Data Product
- 2012 Founder and CEO Dr. David Gershon inducted into the exclusive Inside Market Data Hall of Fame
- 2012 Best New Data Product (DataX Feed)
- 2011 Best Data Provider for Derivatives
- 2011 Best Pricing and Analytics in Forex
- 2011 Futures and Options World Awards. Best innovation in risk management
- 2012 FX Week Best Bank Awards. Best risk management and options pricing provider
- 2008 Best Vendor for Risk Management and Options Pricing Software award for fifth consecutive year
References
- ↑ Melanie Wold (28 May 2012). "Inside Market Data Hall of Fame: David Gershon, 'The Physicist'". Inside Market Data (Waters Technology). Retrieved November 17, 2013.
- ↑ Sophie Brown (1 March 2004). "SuperDerivatives launches risk system". Risk magazine. Retrieved November 17, 2013.
- ↑ Farah Khalique (4 October 2010). "SuperDerivatives releases SDX". FC Week. Archived from the original on October 5, 2010. Retrieved November 17, 2013.
- ↑ Hamish Risk (May 24, 2011). "SuperDerivatives option platform ready to go live in 2011". Euromoney. Retrieved November 17, 2013.
- ↑ "SuperDerivatives to Launch DGX". Profit-Loss. 10 December 2012. Retrieved November 17, 2013.