Leading U.S. Options Broker Dealer Susquehanna Financial Group, LLLP Selects Derivix Options Trading Solution
Derivix Achieves Milestone with Largest Customer Deployment in Company History
NEW YORK - March 9, 2009 - Derivix, a software company that provides options pricing, risk visualization and analytics solutions, today announced that Susquehanna Financial Group, LLLP (SFG) has integrated the Derivix options trading solution into its advanced, in-house technology platform. The deal marks the largest customer deployment in Derivix's history - a landmark achievement in today's cost-conscious IT spending environment.
SFG recognizes that utilizing cutting-edge solutions is critical in today's volatile environment. The company will leverage Derivix's solution to access information quicker and more accurately, enabling its options traders to make better trading decisions. The combination of fast and powerful analytics with broker-neutral execution allows options traders to optimize their portfolio strategies in real-time.
"As a leader in the sell-side options market, we chose the Derivix solutions to ensure we have the best and most accurate tools out there," said Aaron Hantman, global head of institutional sales, SFG. "Leveraging the Derivix technology allows us to serve our clients more effectively by enabling them to quickly and accurately capitalize on and manage market volatility while maintaining a competitive edge. Working with Derivix allows SFG traders to visualize the market in real-time and execute trades directly from within the pricing system."
"In today's highly competitive market, leaders like Susquehanna leverage the most advanced solutions to drive returns and reduce risk," said Jonathan Weedon, CEO of Derivix. "Derivix continues to work with options industry leaders from both the buy- and sell-side, helping firms make real-time decisions that positively affect the bottom line."
About Susquehanna Financial Group, LLLP
Susquehanna Financial Group, LLLP (SFG), an affiliate of Susquehanna International Group, LLP (SIG), is an innovator in global finance, servicing the needs of clients worldwide in the areas of investment banking, fundamental research, and market intelligence. Leveraging the renowned trading execution capabilities of the SIG platform, SFG provides a wide variety of services to institutional clients and corporations.
SIG is a privately held, global financial institution specializing in trading and market making. SIG includes affiliated entities specializing in institutional sales and trading, research, investment banking, private equity, and venture capital. SIG employs approximately 1,500 individuals located in Asia, Australia, Europe, and North America. For additional information please visit www.sig.com.
About Derivix:
Derivix is a financial services software company providing options pricing, risk visualization, and analytics solutions to the industry's leading options traders, sales traders, and hedge funds. Derivix sets the new standard in analytics systems, offering customers the powerful tools they need to stay ahead in a rapidly evolving electronic marketplace. With a commitment to broker neutrality, Derivix provides customers the flexibility they need to fit solutions into any business structure. Founded in 2005, the company has offices in New York, Boston and Silicon Valley.
This release does not constitute an offer to sell or a solicitation of an offer to sell any securities of Derivix.