Reval Exceeds One Million Corporate OTC Derivative Trades

Reval, a global derivative risk management and hedge accounting solutions provider, reported that it houses more than one million over-the-counter (OTC) derivative trade contracts valued at US$3.9 trillion in gross notional value in its web-based system used by corporate end-users hedging commercial risk. Direct Energy, one of North America’s largest energy and energy-related services providers, recently processed the one millionth milestone trade.

Reval’s single-version software-as-a-service (SaaS) supports a broad range of derivative asset classes for over 400 companies hedging exposures to interest rates, foreign currencies and commodities in the North America, Europe, Middle East and Africa (EMEA), and Asia-Pacific regions. It addresses the complex risk, valuation and accounting requirements that is ongoing in the management of OTC derivative trades.

“In just three to four years, we’ve seen the flow of trades grow from about 60 thousand per year to about 300,000 trades per year,” reported Reval’s chief operating officer (COO) Philip Pettinato. “Reval’s ability to scale over a relatively short period of time is considerable because it demonstrates how easily the SaaS platform supports a wide range of instruments used in hedging strategies employed by major industry players such as those in energy and financial services.”


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