Derivative Path Expands DerivativeEDGE® with Commodities Trading Capability

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NEW YORK, June 11, 2024–(BUSINESS WIRE)–Derivative Path, a leading provider of FX and interest rate derivatives trading technology, announces the launch of DerivativeEDGE® Commodities. This expansion enables clients to trade over-the-counter commodities, alongside the existing interest rates and FX derivatives offerings on its SaaS platform.

Introducing DerivativeEDGE® Commodities

DerivativeEDGE Commodities enriches Derivative Path’s platform by extending its robust support to include US energy products, such as Oil and Distillate Products, Natural Gas, and Natural Gas Liquids (NGLs). The platform supports a variety of trade structures including swaps, puts/calls, and collars, with settlements options that include futures look-alikes and Asian-style averaging.

Key features of DerivativeEDGE Commodities include simplified deal entry, robust analytics, stochastic exposure calculations, daily middle office functions, and direct settlements processing via ACH. The platform also ensures compliance with regulatory reporting requirements through direct connectivity to the DTCC swap data repository.

Early Adoption and Client Success

East West Bank, the largest independent bank headquartered in Southern California, is among the first to adopt the new commodities trading functionality. Supat Tipayamongkol, Head of Interest Rate and Energy Derivatives at East West Bank, expressed enthusiasm about the platform: “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.”

Pradeep Bhatia of Derivative Path shared his perspective: “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.”

About Derivative Path

Derivative Path is an industry-leading team of capital markets and technology experts dedicated to empowering institutions of all sizes to manage a variety of risks and improve profitability. Our sophisticated, cloud-based platform presents scalable solutions that enable our clients to enhance interest rate, FX, and commodity derivatives programs, as well as international payments. For more information on Derivative Path’s expertise and advanced technology for the capital markets landscape, visit us here.

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