Derivatech wins first options risk software deal in China

"As the market-maker in China," said Qianyong Lai, Bank of China’s head of FX options, "not only do we need the best FX options pricing, analytics and risk management capabilities, we need the system used by the best banks in the world. We chose Derivatech since they are the international standard in FX options solutions."

He added that the software, called dt Compass, is also able to handle a large number of exotics and is flexible in terms of generating reports, which were two other key se