Superderivatives Introduces Deal Capture Facility In Wake Of Allfirst Fiasco

SuperDerivatives, the currency options pricing system, have made available a deal capture facility introduced specifically at the request of customers in the wake of the Allfirst currency-trading debacle. The new facility is available to clients on request and can be incorporated into clients’ existing risk management systems. This allows options to be priced and processed to a customer’s back office whenever a deal is transacted, which lessens the chances of misplaced deal tickets and other error-derived risks. David Gershon, chief executive of SuperDerivatives, said: ‘The Allfirst experience has served as a pertinent reminder that errors, intentional or otherwise, can easily creep into the trading process.’

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