Sophis secured a top ranking in the following categories:
- Equities pricing and analytics;
- Equities, credit, commodities and cross-asset trading systems;
- And market risk, collateral management and limits.
Sophis was reported to have won in many of these categories by a wide margin, demonstrating how well the company has been able to compete even amongst specialist pricing and analytics vendors.
"This is our first and the most in-depth survey of technology providers to the structured products market," says Richard Jory, Editor of Structured Products magazine. "When it comes to technology structured products are among the most demanding of financial instruments. Their complexity calls for extremely complicated pricing analytics and we are pleased to announce these first rankings of the providers that are capable with dealing with these complexities."
"It is company policy to maintain a heavy investment in research & development and this investment is paying off with Sophis' strength in a diverse set of asset classes. Sophis' research and development activities aim to keep pace with the markets and will continue to support structured products as the sector grows," said Pascal Xatart CEO, Sophis.
"Over the years, Sophis has gone from being known for its strength in equity derivatives to being known for providing superior support for a full collection of complex asset classes," added Eric Bernstein, COO, Sophis North America. "We are extremely grateful to our clients for taking the time to voice their satisfaction with our product. We will continue to be aggressive in our work to cover new instruments and remain close with our clients to provide the best service and support in the business."