Sucden taps ICE’s market data and analytics for vanilla and exotic OTC derivatives

Rick Steves

“We are on continuous watch to improve or complement our portfolio management platform. Although we already have different analytical tools and frameworks to support our portfolio of cross asset volatility and correlation positions, ICE’s excellence in analytics and data will further enrich our capabilities.”

Sucden, the leading soft commodities trading firm, has chosen Intercontinental Exchange’s Portfolio Analytics platform to enhance its derivatives pricing, trading, and risk management capabilities, as per announcement.

As part of its strategy to expand global trading and investment operations, Sucden will utilize the ICE Portfolio Analytics for real-time pricing, trading, and risk management in derivatives.

This platform provides streaming market data and analytics, including pricing and solutions for both vanilla and exotic OTC products across various asset classes. This capability enables Sucden to effectively price and monitor their exposure on an intraday basis.

Data and analytics across multiple asset classes

ICE Portfolio Analytics is a hosted solution, meaning all computational processes are managed by ICE, with the resulting data directly delivered to clients. This integration capability with other applications streamlines workflows and increases efficiency.

Sucden’s collaboration with ICE extends across its front, middle, and back-office teams, all of which will have access to the ICE Portfolio Analytics. This platform allows for comprehensive analysis at both individual security and portfolio levels, offering data and analytics across multiple asset classes. It supports various functions, including pre-trade price discovery, decision support, risk management, and analytics for a wide range of asset classes and instruments.

Greg Merran, Head of Portfolio Management and Chief Investment Officer at Sucden, said: “We are on continuous watch to improve or complement our portfolio management platform. Although we already have different analytical tools and frameworks to support our portfolio of cross asset volatility and correlation positions, ICE’s excellence in analytics and data will further enrich our capabilities.”

Simon Evans, Head of Derivatives Pricing and Analytics at ICE Data Services, commented: “We’re delighted to be working with a leading and innovative company like Sucden, which deploys highly sophisticated trading and investment strategies. Firms are always looking for new ways to meet evolving risk management needs. With our range of derivatives services, we are able to provide companies like Sucden with information and tools to help them generate ideas and build portfolios of listed & OTC derivatives products.”

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