Prism Valuation Enhances Lat-Am Derivative Valuation Service

Prism Valuation Enhances Lat-Am Derivative Valuation Service

Prism Valuation has recently introduced two enhancements to its Derivative Valuation Service for Lat-Am products. Firstly, it now offers its clients the choice of discounting valuations for Brazilian Real (BRL) CDI zero coupon swaps using a curve constructed from USD/BRL non-deliverable forwards and swaps. This is in addition to the already existing option of allowing forecasting of the forward CDI rates using either an on-shore or an off-shore curve.

The non-deliverable curve discounting option is now being delivered to several clients trading these instruments. In addition, Prism has recently added support for the valuation of Colombian Peso (COP) OIS swaps, which can also be discounted using deliverable or non-deliverable curves. In addition to BRL and COP, Prism currently delivers IRS and other derivative valuations for Chilean Peso (CLP), Mexican Peso (MXN) and Peruvian Nuevo Sol (PEN) in the Lat-Am region.

“Supporting non-deliverable discounting for BRL and other Lat-Am and Asian interest rate swap types reflects Prism’s continuing commitment to providing a flexible, robust framework to meet clients’ derivative valuation requirements. We are always willing to make the effort to broaden our coverage and utilize emerging methodologies in order to deliver the best possible service” comments Keldon Drudge, CEO.



Saxo Capital Markets enhanced offering includes new pricing structure–structure

First Published Monday, 15th April 2013 from Automated Trader : Automated Trading News

Target spreads for all FX spot pairs to be reduced, intended to be particularly attractive on EURUSD.

Saxo Capital Markets UK, the multi-asset online trading and investment specialist, has enhanced its offering witht the launch of a new pricing structure.

The new pricing structure will mean that the target spreads for all FX spot pairs will be reduced. Some of the key crosses that will see lower target spreads are:

  • EURUSD 2.0 to 1.5
  • USDJPY 2.0 to 1.5
  • USDCAD 4.0 to 1.5
  • AUDUSD 3.0 to 1.6
  • EURJPY 3.5 to 1.9
  • GBPJPY 7.0 to 3.1

Torben Kaaber, CEO of Saxo Capital Markets UK comments: “Two-thirds of our clients trade three or more asset classes using their own specific choice of market access. Whether via FX spot, forwards, futures, contract options, ETFs or CFDs; Saxo Capital Markets offers the choice to trade most asset classes over-the-counter or on exchange.”

He continued: “Saxo’s platform combines a reliable and flexible way to hedge and trade in a multi-asset environment with global market coverage. Since FX is still a major component of clients’ portfolios, we decided to lower target spreads for all FX spot spreads, including EURUSD and USDJPY, in order to further increase the competitiveness of our platform.”

The new lower spread is intended to be particularly attractive on EURUSD, as John Hardy, Head of FX Strategy, Saxo Bank explains, “It is expected that we will eventually head back to the 2012 lows near 1.2000 and possibly even lower, as Europe either pulls together with the help of huge ECB involvement or moves back into crisis mode in the wake of the German elections in September.”

Torben Kaaber, CEO, Saxo Capital Markets UK

Torben Kaaber, CEO, Saxo Capital Markets UK

“Saxo’s platform combines a reliable and flexible way to hedge and trade in a multi-asset environment with global market coverage.”

Markit Selected by OCC to Supply Implied Volatility Data on Equities

Markit, a leading, global financial information services company, today announced that it has been selected by OCC, the world’s largest equity derivatives clearing organisation, to provide daily implied volatility data on the S&P 500 index.

via Pocket January 09, 2013 at 07:39PM

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