SuperDerivatives Reports Major Increase in Demand for Derivatives Revaluation Services

LONDON--(Business Wire)--
SuperDerivatives, the benchmark for derivatives, reports a 250% increase in
demand for its derivatives revaluation from banks and asset managers across both
developed and emerging markets.

The business offers a full revaluation service for derivatives and has reported
the increase in customer acquisition and sales over the past year as more
institutions adopt third party evaluation as best practice.

SuperDerivatives provides portfolio evaluation for all major OTC (over the
counter) and exchange- traded derivative asset classes. The service is designed
to help financial professionals from institutions around the globe including
banks, asset managers, wealth managers, hedge funds, regulators, custodians,
corporates and accountants.

It provides an independent evaluation for the broadest coverage of asset classes
and geographical reach, which helps organisations manage risk, generate revenue
opportunities and independently revalue multi- and single-asset portfolios,
either for their own holdings or those of their customers and clients.

A bank or auditor, for example, can use the service to gain an independent,
transparent and effective valuation for derivatives based on data from multiple,
trusted sources. This is widely considered more effective than simply asking for
a quote from a single counterparty, for example, to reach a valuation.

The need for an independent evaluation service has become even more pronounced,
with regulators including the Financial Services Authority writing to businesses
to confirm the requirement to consider third party evaluation services as part
of their procedures.

Feedback from the tier 1 and tier 2 banks has revealed a need for independent
evaluation data across equities, credit, commodities and FX, including yield
curves and swaptions in FX for the major currencies and emerging market
currencies. These are components that SuperDerivatives offers as part of its
revaluation service.

Over the last three weeks alone, hundreds of market professionals have attended
independent evaluation workshops in London, New York and Dublin.

The seminars focused on the critical need for independent cross-asset evaluation
and feedback revealed a wide range of needs and concerns with existing valuation
practices. More are now planned to meet demand from institutions.

David Gershon, CEO, SuperDerivatives said: “Tier 1 banks and asset managers are
increasingly turning to us for help in gaining independent, unbiased valuations
for their derivatives portfolios.

“Independent evaluation is clearly set to become best practice and a key part of
the solution to many of the issues facing market participants. An independent
pricing view helps to meet their compliance needs, manage investment and
operational risk and regulatory compliance more easily and effectively across a
vast range of securities.”

Dr Chris Sier, Director of financial market consultancy, Alpha FMC, comments: “A
source of reliable, accurate and wide-ranging pricing data is essential for
asset managers and, by extension, their outsourced service providers. Not only
is it fundamental for accurate NAV calculations, particularly in a retail
environment, it is also the cornerstone of efficient collateral management.”

About SuperDerivatives

SuperDerivatives is transforming the world of options by introducing
transparency to major traded derivative classes including foreign currency,
interest rates, equities, commodities, energy and credit. Aiming to provide
prices that reflect the inter-dealer market has led the company’s web-based,
market-calibrated platforms to become widely accepted by market participants as
the benchmark for options pricing. Trading professionals on both the buy and
sell side benefit daily from SuperDerivatives’ unique combination of unbiased,
aggregated market data and sophisticated modelling techniques.

The company also provides fully-fledged risk management systems, an on-line
trading platform, award winning derivatives data, and independent portfolio
revaluation services. Customers include leading banks, hedge funds, asset
managers, custodians and hedge fund administrators.

www.superderivatives.com

Chatsworth Communications for SuperDerivatives
Nick Murray-Leslie/Nick Warren
T: +44(0)20-7440-9780
E: press@superderivatives.com

Copyright Business Wire 2008