SuperDerivatives Upgrades VolSurface Service as Mark-to-Market Data

SuperDerivatives upgraded its VolSurface service as Mark-to-Market Data, enabling cost-effective and self-service derivatives revaluation and risk management.

The company said improvements to the service are based on feedback from over 400 customers around the world, which revealed serious concerns about relying on in-house market data or data from counterparties and other non-independent sources and a need for data that truly reflects the current OTC market.

SD's Mark-to-Market Data is designed to help banks, funds and corporations who wish to manage risk in their portfolio but also control the costs for accessing the best available derivatives market data to inform their decisions and reporting, SuperDerivatives said in a release.

The service provides independent risk reference data for vanilla and advanced derivatives across commodities, energy, equities, FX and interest rates, and can be used as a customizable data feed for risk management systems, replacing makeshift and often inaccurate methods such as capturing data in a spreadsheet, SD said.

The service combines SD's benchmark pricing methodology with market rates collected from a selection of active market participants, delivering an automated and validated volatility feed for a range of both liquid and illiquid markets.

In addition to volatility surfaces, the upgraded service now also offers intraday or end-of-day automated feeds for yield curves, forwards curves, overnight index swaps (OIS) curves, inflation curves, correlations and equity dividend flows.

"The key to derivatives valuation is the quality, accuracy and reliability of data across asset classes and markets which has to be delivered electronically as close to real time as possible in order to allow distribution tools to be automated, and to enable generation of end-of-day reports," Dani Weigert, Mark-to-Market Product Manager, SD said in a release. "Our Mark-to-Market Data service now boasts the widest asset coverage and the most extensive selection of market-accurate risk data, making it a fully-fledged industrial-strength solution for cost-effective risk management."

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