just now
January 31, 2024 - Intercontinental Exchange (ICE) has announced that the Sucden Group, a leading soft-commodities trading firm is incorporating ICE's Portfolio Analytics into its derivatives trading operations. This move by Sucden is aimed at bolstering its pricing, trading, and risk management capabilities for derivatives products.
With a growing portfolio in global trading and investment, Sucden will leverage ICE Portfolio Analytics for real-time insights and management of derivatives. The platform provides comprehensive market data and analytics, which includes tools for both standard and complex OTC products across various asset classes, enabling Sucden to enhance intraday pricing and exposure monitoring.
Greg Merran, Sucden's Head of Portfolio Management and Chief Investment Officer, commented, "We are on continuous watch to improve or complement our portfolio management platform. Although we already have different analytical tools and frameworks to support our portfolio of cross asset volatility and correlation positions, ICE’s excellence in analytics and data will further enrich our capabilities."
ICE Portfolio Analytics operates as a hosted solution, meaning ICE manages the computational processes and delivers the resulting data directly to Sucden. This integration with existing applications is intended to streamline workflows and increase operational efficiencies.
Simon Evans, Head of Derivatives Pricing and Analytics at ICE Data Services, said, “We're delighted to be working with a leading and innovative company like Sucden, which deploys highly sophisticated trading and investment strategies. Firms are always looking for new ways to meet evolving risk management needs. With our range of derivatives services, we are able to provide companies like Sucden with information and tools to help them generate ideas and build portfolios of listed & OTC derivatives products.”
Sucden's decision to employ ICE Portfolio Analytics is expected to facilitate comprehensive analysis for their teams, from the front office to the back office, enhancing their ability to perform single security and portfolio-level assessments across multiple asset classes. The ICE platform is set to offer a broad spectrum of services, including pre-trade price discovery, decision support, and extensive risk management analytics.
