Derivatives benchmark, SuperDerivatives (SD) has improved its VolSurface service as Mark-to-Market Data, enabling cost-effective and self-service derivatives revaluation and risk management.

The upgrades are based on customer feedback, which revealed serious concerns about relying on in-house market data or data from counterparties and other non-independent sources.

Mark-to-Market Data is designed to help banks, funds and corporates wishing to manage risk in their portfolio but also control the costs for accessing the best available derivatives market data to inform their decisions and reporting.

In addition to volatility surfaces, the upgraded service now also offers intraday or end-of-day automated feeds for yield curves, forwards curves, overnight index swaps (OIS) curves, inflation curves, correlations and equity dividend flows, making it a truly robust risk market data solution.

Dani Weigert, Mark-to-Market product manager at SD, said: "The key to derivatives valuation is the quality, accuracy and reliability of data across asset classes and markets which has to be delivered electronically as close to real time as possible in order to allow distribution tools to be automated, and to enable generation of end-of-day reports.

"Our Mark-to-Market Data service now boasts the widest asset coverage and the most extensive selection of market-accurate risk data, making it a fully-fledged industrial-strength solution for cost-effective risk management.