SuperDerivatives
SuperDerivatives (est. 2000) is an American-based financial services company. They provide live market data, derivatives technology and valuation services, amongst other products. Its customers include banks, corporates, fund managers, auditors and central banks. SuperDerivatives is best known for its live market data.[citation needed]
Contents
Company
The company was founded by David Gershon and 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
Intercontinental Exchange, Inc. (ICE)
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 [1]
- 2013 Best New Data Product [2]
- 2012 Founder and CEO Dr. David Gershon inducted into the exclusive Inside Market Data Hall of Fame [3]
- 2012 Best Data Provider for Derivatives [4]
- 2012 Best New Data Product (DataX Feed)[5]
- 2011 Best Data Provider for Derivatives [6]
- 2011 Best Pricing and Analytics in Forex [7]
- 2011 Futures and Options World Awards. Best innovation in risk management [8]
- 2007 Best Data Provider for Derivatives [9]
- 2012 FX Week Best Bank Awards. Best risk management and options pricing provider [10]
- 2008 Best Vendor for Risk Management and Options Pricing Software award for fifth consecutive year [11]
References
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