LONDON, April 20 /PRNewswire/ --     SuperDerivatives (SD), the derivatives benchmark and multi-asset front
office and revaluation provider, has launched the next generation of its
interest rates derivatives trading system to support unprecedented demand for
tools to distribute and manage interest rate derivatives.

Volatility in the interest rates market, driven by policy-setters and
central banks adapting their base rates to the changing economic landscape,
has combined with high levels of illiquidity in banking systems to create
uncertainty in pricing for even the most vanilla of interest rates
derivatives.

Deep concerns about the liquidity and viability of the world's banking
system mean challenges for institutions seeking to hedge interest rates
exposures on their books. Some banks and funds are now struggling to build
consistent yield curves as a result of illiquidity and subsequent difficulty
in pricing short-term interest rates and basis swaps.

SD's Interest Rates Next Generation was developed following feedback from
hundreds of clients, as well as managers of interest rates derivatives
trading and sales desks, corporate treasurers and risk managers. SD has
experienced unprecedented demand from banks, asset managers and corporates
for advanced tools to manage interest rate derivatives.

SD now delivers the widest coverage of interest rate products and
structures with flexible curves, vol surfaces and robust basis swaps,
supported by communication, management and trade execution tools, to assist
with hedging, risk management and investment decisions.

Market professionals using SD's Interest Rates Next Generation in their
growth strategy can now trade high margin, tailored sophisticated structures
- as easily and efficiently as plain vanilla products. As is the case with
all SD solutions, Interest Rates Next Generation is web-based and operates in
real time for immediate implementation and scalability, with connectivity to
over 10 years of historical database for analysis.

Interest Rates Next Generation can easily integrate into any information
and trading architecture, connecting various trading and sales desks and
interfacing with middle and back office systems seamlessly and efficiently -
linking banks to their clients, reducing operational risk and facilitating
faster trading.

The system brings together all the front and middle office
functionalities required to effectively manage interest rate derivatives in a
trading and workflow application, with thin-client pricing, helping users to
manage compliance, market and counterparty risk and audit requirements.

Lewis Ranieri, board director at SD and recognised as the creator of the
securitised mortgages market, said: "SD's Interest Rates Next Generation can
modernise the management of interest rate derivatives businesses through
technology and analytics by delivering tools that help institutions manage
their risk profiles and operational risk much more efficiently and
effectively.

"In this difficult environment financial institutions are required to
maintain a high level of internal transparency about their derivatives
operation. The SD interest rates next generation solution can deliver this."

Russel Levi, Executive Vice President, SD, said: "The interest rates
derivatives technology at banks has not improved significantly in the past
few years and derivatives prices have remained relatively opaque.

"SD Interest Rates Next Generation enables both the sell- and buy-side
improve efficiency and productivity, and introduces unparalleled price
transparency, which is crucial in this environment.

"Low short-term rates and steep yield curves are driving trade in
interest rate derivatives, but institutions need the tools to adapt to the
current levels of volatility. SD solves this problem very efficiently."

SD's Interest Rates Next Generation solution includes:

- Real time access to independent, calibrated interest rate curves, real
      market volatility surfaces and yield curve spreads from the most 
      accurate and reliable sources of market data and prices in all major 
      and emerging markets

    - Turnkey solution to easily price all the structures in the market
      place, including all callable CMS and CMS spread structures with market
      implied correlations, inflations structures and various structure notes

    - Sophisticated basis swap curve control with market calibrated spread as
      default

    - Tools to export and import curves including basis swaps and basis
      spreads, inflation, OIS and BMA

    - STP into internal or external back- office or risk management systems

    - Cutting edge tools to automate the activity of sales staff and increase
      their productivity including automatic term sheet generator, distribute
      trades and structures to clients and enhance business generation for 
      market making institutions

    - Portfolio management blotter and report with sophisticated sorting of
      transactions

    - Alert and monitoring system to support clients hedging and position
      management.

    - On-line execution capabilities between sales desks and trading desks
      and clients to banks

    - Built in communication tools between the front, middle and back-office



Contact:

    Nick Murray-Leslie/Nick Warren
    Chatsworth Communications
    Tel +44(0)20-7440-9780
    E: press@sdgm.com