Derivatives benchmark SuperDerivatives (SD) has reported strong final quarter growth, with 83% growth in new customers and renewals in December alone.

It claimed the trend was a result of increased demand for its front office pricing system and its derivatives portfolio revaluation service.

SD provides an independent benchmark for derivatives and its clients include the Industrial and Commercial Bank of China (ICBC Asia), Wells Fargo and La Caixa.

Dr David Gershon, chief executive of SD, said: "In these extremely volatile markets we are seeing a renewed focus on from both existing and new customers on cost control and, risk management and prices transparency. These have long been key components of our derivatives offering."