Ericsson Signs for Currency Option Pricing Tool
Swedish telecommunications firm Ericsson has licensed SD-FX, the currency option pricing system. According to Stefan Daberius, Head of Markets at Ericsson Treasury Services, the company is an active user of currency options, including exotics. “SD-FX is extremely reliable, both in terms of its pricing and its availability. SD-FX helps us to devise the sometimes complex strategies we want to use to manage the company’s FX risk; it also helps us accurately risk manage any positions we decide to implement.” Existing corporate users include IBM, Alcatel, Caterpillar, Coca-Cola Amatil and Ford. Daniel Kadim, Sales Director of SuperDerivatives, said, “More and more buyside institutions are realizing the importance of having ready access to independent and accurate market prices for all options in all currency pairs. We have added many tools to SD-FX that specifically help the corporate sector in their hedging needs and management of the revaluation process.”
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