LONDON and NEW YORK, September 24 /PRNewswire/ --

- ATTN: Business and Finance Editors

SuperDerivatives(R), the benchmark for options and the leading
multi-asset derivatives solution provider has announced that Glitnir Bank is
deploying its pricing and analytics platform for foreign exchange currency
and equity options.

Glitnir Bank is one of Iceland's top three commercial banks and a major
force in Scandinavia's financial markets. It operates in eleven countries,
defining Iceland and Norway as its home markets, while mainitaining
operations in London, Luxembourg Copenhagen, Stockholm, Helsinki, Moscow,
Halifax, Shanghai and New York

"Option dealing is one of our fastest growing segments in Capital Markets
and we were looking for a solution that would enable us to provide clients
with excellent service, market-accurate real-time option prices and sound
strategic advice. We chose SuperDerivatives because it gives us the options
coverage, functionality and productivity we need to compete with both
domestic banks and the growing presence of foreign banks," said Jóhannes
Baldursson, Managing Director, Glitnir Capital Markets. "By using
SuperDerivatives' real-time and accurate pricing for any type of option, our
traders can enhance their profits with better market intelligence. In
parallel, our sales force is using the built-in productivity tools and
indicative pricing to provide better service and win more business."

The SuperDerivatives real-time pricing platform includes a variety of
productivity-enhancing front-office utilities. Sales personnel are able to
provide clients with value-added services such as mark-to-market and risk
analysis of their portfolios, while unified sales tools across the whole bank
strengthen bank branding. Collaborative on-line trading and real-time
messaging tools further increase productivity between the bank clients and
sales, and between sales and trading desks.

"We are proud to have such an important player in the Scandinavian and
Nordic financial centers as Glitnir Bank join the SuperDerivatives family,"
said Eitan Mickey, Senior Vice President, SuperDerivatives. "The competition
that regional banks are facing from the global banks is compelling them to
seek powerful yet economical, easy-to-learn solutions that enable them to
grow and profit quickly. SuperDerivatives is the ideal platform for them,
covering all asset classes throughout the entire derivatives lifecycle, from
real-time pricing and analytics to risk management systems, portfolio
revaluation, options market data portal and online trading."

Press Contacts:

    Michael Swack
    Media Relations Manager,
    SuperDerivatives
    e: m.swack@superderivatives.com
    t:+44-207-648-1099