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Risk Management

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Risk Newsflashes

Four firms go live with DTCC's credit-default swaps-matching service; SuperDerivatives signs up 10 German and Austrian banks; Central banks draft report on managing risk in CCPs; SunGard unveils Adaptive framework.

SuperDerivatives signs up 10 German and Austrian banks.

Ten German and Austrian banks have signed up to use SuperDerivatives' foreign-exchange option-pricing system in recent months. Banks that will utilize the off-the-shelf options-pricing system include: Bayerische Hypo- und Vereinsbank, BW-Bank, DZ Bank, die Erste Bank, Landesbank Baden-Wuerttemberg, Landesbank Hessen-Thueringen (Helaba), Raiffesenlandesbank Noe-Wien, Raiffesenlandesbank Oberosterreich, Sal Oppenheim jr & Cie and MM Warburg & Co.

In a prepared comment on the bank's decision to select SuperDerivatives, Adrian Marcu, senior option-trader at Sal Oppenheim jr & Cie, cites the accuracy of the prices and the user friendliness of the system which comes with many tools to assist with their workflow. "For example, it let us put together structures and produce the sales tools with charts explaining them, which we can then automatically send to our customers to illustrate trade ideas and structures," Marcu states.

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