London, 23 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."

　

/ends/

 

About SuperDerivatives
SD is transforming the world of derivatives by introducing transparency to all major traded derivative classes including foreign currency, interest rates, equities, commodities, energy and credit. Providing prices that reflect the interdealer market has led the company’s web-based, market-calibrated solutions to be widely accepted as the benchmark for derivatives pricing.　

Trading professionals on both the buy and sell side benefit daily from SD’s unique combination of unbiased, aggregated market data and sophisticated modelling techniques. The company also provides fully-fledged risk management solutions, award winning derivatives data and independent portfolio revaluation services.

At the core of all the company’s solutions is SD’s extensively sourced and intelligently amalgamated market data, comprising true live market rates that are acid tested in real-time in the marketplace by active traders and run through a proven pricing model.

SD customers include leading banks, hedge funds, asset managers, custodians and hedge fund administrators in more than 60 countries, supported by a global network of SD offices with 24-hour support services.

www.sdgm.com

　

About Rompetrol
The Rompetrol Group N.V. is a multinational oil company headquartered in Amsterdam, The Netherlands, operating in 12 countries, and with the majority of its assets and operations based in France, Romania, Spain, and South-East Europe. The group is active primarily in refining and petrochemicals, retail and trading, with additional operations in exploration and production, and other oil industry services such as drilling, waste treatment, EPCM, and transportation. The Rompetrol Group aims at becoming one of the largest oil companies in the Black Sea Basin and to continue being an energetic bridge between the Asian and European markets, with the help of its mother company, KazMunaiGaz, the national oil & gas company of Kazakhstan.

www.rompetrol.com 

　

International Press Contacts
Nick Murray-Leslie/Nick Warren
Chatsworth Communications
T: +44(0)20 7440 9780
press@sdgm.com