Data Management

11:03 AM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

Luxoft Tabs SuperDerivatives to Manage Currency Derivatives Risk

Luxoft announced it selected SuperDerivatives to handle the cross-border risks generated by its investments in currency derivatives through real-time pricing analytics and post-trade management tools.

Luxoft announced it selected SuperDerivatives to handle the cross-border risks generated by its investments in currency derivatives through real-time pricing analytics and post-trade management tools.

Luxoft, which is based in Russia and operates on three continents, said growing volatility within the FX market drove the company to reach an agreement with SuperDerivatives.

“We searched for a service that would enable us to improve our ability to use derivatives to accurately hedge exposure to fluctuations in foreign currencies,” Luxoft chief financial officer Roman Yakushkin said in a statement.

“We now have a single service that allows us to plan a strategy and run an independent price check before executing a deal, to execute mark-to-market reports and to improve auditing and compliance one a trade is completed,” Yakushkin added.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
5 Things to Look For Before Accepting Terms & Conditions
5 Things to Look For Before Accepting Terms & Conditions
Is your corporate data at risk? Before uploading sensitive information to cloud services be sure to review these terms.