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SuperDerivatives (est. 2000) is an American-based financial services company.
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Company
The company was founded by Dr. David Gershon and Dr. Menashe Banit in 2000 who developed their own models for options pricing. In 2004, SuperDerivatives established a market data division publishing implied data from the OTC markets. This was followed by the launch of an independent valuation service. In 2010, they created a cross-asset derivatives pricing, structuring and pre-trade analysis system, called SDX. In 2011, they created a multi-bank trading system for FX options in partnership with FXCM Pro, called DCX. In late 2012, they established a market data platform called DGX.
SuperDerivatives has eight global offices in Europe, APAC and Americas.
Mergers and Acquisitions
In September 2014, Intercontinental Exchange announced that it had entered into a definitive agreement to acquire SuperDerivatives. The acquisition was said to accelerate the expansion of ICE’s comprehensive multi-asset class clearing strategy. Terms of the all-cash transaction included a purchase price of approximately $350 million. Completion of the transaction was subject to regulatory approval and other customary closing conditions. The transaction successfully completed on 7th October 2014.