Intercontinental Exchange, Inc. (NYSE:ICE) announced today that Sucden Group, a leading soft commodity trading firm, has selected ICE’s Portfolio Analytics platform to support the pricing, trading and risk management of derivatives products.
As Sucden continues to expand its global trading and investment operations, it will use ICE Portfolio Analytics to support real-time derivatives pricing, trading and risk management. ICE Portfolio Analytics offers streaming market data and analytics, which includes access to pricing and analytics solutions for vanilla and exotic OTC products across all asset classes, enabling Sucden to price and track their exposure on intraday base.
“We are constantly on the lookout to improve or supplement our portfolio management platform. While we already have different analytical tools and frameworks to support our portfolio of volatility and cross-asset correlation positions, ICE’s excellence in analytics and data will further enrich our capabilities,” said Greg Merran, Head of Portfolio Management and Director Investments in Sucden.
ICE Portfolio Analytics is a hosted solution, all computing processes are managed by ICE and the resulting data is delivered directly to the client. ICE analytics can be integrated with other applications and tools, which provides significant performance and simplifies workflows.
“We are delighted to be working with a leading and innovative firm like Sucden, which develops highly sophisticated trading and investment strategies,” said Simon Evans, head of derivatives pricing and analytics at ICE Data Services. “Companies are always looking for new ways to meet their evolving risk management needs. With our range of derivatives services, we are able to provide companies like Sucden with insights and tools to help them generate ideas and build listed and OTC derivatives portfolios.”
Sucden’s front-, middle-, and back-office teams will have access to ICE Portfolio Analytics, allowing them to analyze holdings at both the security and portfolio level, with data and analytics spanning multiple asset classes. ICE’s platform will assist in pre-trade price discovery, decision support tools, risk management and analytics across a wide range of asset classes and instruments.