The Rompetrol Group deploys SDX from SuperDerivatives to boost multi-asset derivatives business

London - 24 March 2011

Multinational oil company, The Rompetrol Group, has chosen SDX from SuperDerivatives, the derivatives benchmark and leading multi-asset front office system, to enhance its multi-asset OTC derivatives business.

Rompetrol will deploy SDX to improve its ability to hedge fluctuations in oil reserve prices and manage cross-border currency risk. SDX uses a unique and proven model for options pricing that generates accurate bid and offer prices for derivatives reflective of the interbank broker market.

“As one of the largest oil companies in the Romanian market, The Rompetrol Group has to manage its exposure to both petroleum and currency movements. Thus, after researching the market in order to find a firm that could provide just that, we selected SD, mainly for its wide coverage of oil products and currency pairs, along with its scalable pricing system”, said Ionel Popescu, Risk Director within The Rompetrol Group.

“We were satisfied with the fact that SDX provides good tools and features in all the asset classes. This has allowed us to improve our ability to price and manage our positions across the lifecycle,” added Popescu.

Noam Whitman, Regional Sales Manager at SD said: “We look forward to continuing our expansion into the corporate sector in Central and Eastern Europe, and supporting market participants like Rompetrol with tools to give them a comprehensive view of the factors that affect their capacity to do business.”

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