The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Hungary’s Wallis Group Opts for SuperDerivatives’ FX Derivatives Valuations

Share article

The Wallis Group, one of Hungary’s largest holdings companies, has selected SuperDerivatives to improve its ability to hedge cross border currency exposures and to access independent portfolio valuation for auditing purposes.

The Wallis Group, which specialises in investment, consulting and asset management, is a multinational company and needed access to accurate, independent pricing for FX derivatives to manage risk though hedging exposure to fluctuations in the currency markets across the world

The SD-FX pricing solution was chosen by The Wallis Group for its ability to provide real-time, independent pricing for the widest range of FX derivatives, from vanilla to the most advanced structures. The solution will enhance the transparency of the organisation’s entire derivatives business, and will also give the treasury team access to mark to market values, enabling compliance with international auditing regulations.

Tamas Onody, group treasury director of the Wallis Group, comments: “As an international holdings company, we operate across borders and currencies and can therefore be affected by a number of factors in the global financial markets. FX derivatives allow us to hedge this risk, but we needed a tool that would allow us to determine the real market price of the different instruments we use. SuperDerivatives is in a league of its own when it comes to the accuracy of its pricing and wide coverage.”

David Shulman, regional sales executive for SuperDerivatives, says: “Our software as a service approach uses an intelligent open architecture and substantially reduces the cost of implementation for corporations wishing to step up their risk management with maximum return on investment.”

Related content

WEBINAR

Upcoming Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...

BLOG

A-Team Group Introduces 2021 Innovation Awards

Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...