Simplified deal entry, robust analytics, stochastic exposure calculations, daily middle office functions, and direct settlements processing via ACH are key features of DerivativeEDGE Commodities, which is designed to comply with regulatory reporting requirements through direct connectivity to the DTCC swap data repository.
Derivative Path has expanded its offering with the launch of DerivativeEDGE Commodities to bring over-the-counter commodities together with the existing interest rates and FX derivatives offerings on its SaaS platform.
Derivative Path is a capital markets and technology powerhouse that focuses on aiding institutions of all sizes in risk mitigation and financial goal attainment. Their cloud-based platform offers a scalable solution that simplifies international payments and OTC Interest Rate, FX, and Commodity Derivatives.
Swaps, puts/calls, and collars on Oil and NatGas
DerivativeEDGE Commodities, featuring US energy products, such as Oil and Distillate Products, Natural Gas, and Natural Gas Liquids (NGLs), supports a variety of trade structures including swaps, puts/calls, and collars, with settlements options that include futures look-alikes and Asian-style averaging.
Simplified deal entry, robust analytics, stochastic exposure calculations, daily middle office functions, and direct settlements processing via ACH are key features of DerivativeEDGE Commodities, which is designed to comply with regulatory reporting requirements through direct connectivity to the DTCC swap data repository.
“A significant milestone for Derivative Path”
Pradeep Bhatia, co-founder and CEO of Derivative Path, commented: “The launch of DerivativeEDGE Commodities marks a significant milestone for Derivative Path and our clients. By providing comprehensive support across different asset classes, we are empowering our clients with the tools they need to manage their trades more effectively and efficiently.”
Among the first to adopt the new commodities trading functionality was East West Bank, a large independent bank headquartered in Southern California.
Supat Tipayamongkol, Head of Interest Rate and Energy Derivatives at East West Bank, said: “We are delighted to be working with Derivative Path. Their technology and expertise enable us to scale our derivatives business cost-effectively as we embrace new growth opportunities to better serve our clients.”
Derivative Path helps financial institutions, private equity firms, corporate and commercial end users, and buy-side clients manage their over-the-counter interest rate, FX derivative transactions, and now, OTC commodities trading. Its team is comprised of derivative industry veterans with experience at the world’s largest capital market firms including: Wells Fargo, ABN AMRO, Bank of America, Barclays, CIBC, and AIG.
The company recently appointed Kristin Kelly as Chief Product Officer (CPO) and co-founder Frank Purnell as its first-ever Chief Innovation Officer. A recent string of strategic alliances included a partnership with the Jack Henry Vendor Integration Program, integration with Q2’s digital banking platform, and a collaboration with Goldman Sachs to offer FX and global payments services to regional and community banks in the U.S.
