07.10.2015, 13:53
Deutsche-Boerse: New margin calculation service to be launched in November
OREANDA-NEWS. Eurex Clearing, one of the world’s leading clearing houses and part of Deutsche Börse Group, will launch its new Eurex Clearing Prisma Margin Estimator (Eurex Clearing PME) on 16 November 2015. This new service will further enhance the risk management offering for its members as it helps them and their clients to assess Eurex Clearing Prisma initial margins for their current as well as for any hypothetical portfolios. This additional service was developed in close collaboration with OpenGamma, a financial technology company specialising in market structure risk management solutions.
“We have worked closely with Eurex Clearing to ensure that the Eurex Clearing PME supports their state-of-the-art margin methodologies and the needs of their clients,” said Mas Nakachi, CEO of OpenGamma. “The Eurex Clearing PME is the latest example of our close work with the derivatives industry to deliver much needed and enhanced margin analysis capabilities.”
“OpenGamma’s excellent platform provides both the transparency and flexibility for an easy-to-integrate service for fast margin analysis. The OpenGamma Eurex Clearing Module will help our clients to see the savings of our advanced margin methodology and thus the benefits of chosing Eurex Clearing,” explained Thomas Laux, Chief Risk Officer of Eurex Clearing.
While the current Prisma Online Margin Calculator is running on the Eurex Clearing production and simulation environments, the Eurex Clearing PME is an on premise solution. Thus, all portfolio information of current or to-be-executed trades remain within a clearing member’s or client’s own infrastructure.
Eurex Clearing PME will support the calculation of margin requirements for exchange-traded derivatives, OTC derivatives, cross-margined portfolios and pre-trade analyses as well as identify potential trades that lead to significant margin changes.
The new service can be utilized without additional costs.
About Eurex Clearing
Eurex Clearing is one of the leading central counterparties globally – assuring the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset protection. Eurex Clearing provides fully-automated, straight-through post-trade services for derivatives, equities, bonds and secured funding & financing, as well as industry-leading risk management technologies.
With EurexOTC Clear for IRS, Eurex Clearing offers integrated clearing and collateralization of OTC trans-actions and exchange-traded derivatives under the umbrella of a single clearing house in a uniform legal framework covering all products. The OTC clearing service sets new standards in security and efficiency.
As part of Eurex Group, Eurex Clearing serves more than 190 clearing members in 16 countries, managing a collateral pool of around EUR 48 billion and processing gross risks valued approx. EUR 15.9 trillion every month.
Eurex Group is comprised of Eurex Exchange, the International Securities Exchange (ISE), the European Energy Exchange (EEX), Eurex Clearing, Eurex Bonds and Eurex Repo.
Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).
About OpenGamma
OpenGamma helps financial services firms evaluate, understand, and manage market risk in an open, transparent manner.
The OpenGamma Platform enables firms to optimize their businesses in the evolving OTC markets, improving capital efficiency and balance sheet management. It provides tools for multi-CCP margin calculations, what-if analysis and stress testing, and real-time, cross-asset risk and trading analytics across customized risk scenarios and industry-standard metrics.
Used by both buy-side and sell-side firms, exchanges, CCPs, and other segments of the OTC derivatives market structure, OpenGamma brings a new standard of transparency to the industry, enabling users to gain more insight into their underlying risk exposures, better assess the true costs of trading, and respond more rapidly to the ever-evolving regulatory landscape.
Backed by Accel Partners, FirstMark Capital, ICAP plc and Euclid Opportunities, OpenGamma is headquartered in London with an office in New York.
“We have worked closely with Eurex Clearing to ensure that the Eurex Clearing PME supports their state-of-the-art margin methodologies and the needs of their clients,” said Mas Nakachi, CEO of OpenGamma. “The Eurex Clearing PME is the latest example of our close work with the derivatives industry to deliver much needed and enhanced margin analysis capabilities.”
“OpenGamma’s excellent platform provides both the transparency and flexibility for an easy-to-integrate service for fast margin analysis. The OpenGamma Eurex Clearing Module will help our clients to see the savings of our advanced margin methodology and thus the benefits of chosing Eurex Clearing,” explained Thomas Laux, Chief Risk Officer of Eurex Clearing.
While the current Prisma Online Margin Calculator is running on the Eurex Clearing production and simulation environments, the Eurex Clearing PME is an on premise solution. Thus, all portfolio information of current or to-be-executed trades remain within a clearing member’s or client’s own infrastructure.
Eurex Clearing PME will support the calculation of margin requirements for exchange-traded derivatives, OTC derivatives, cross-margined portfolios and pre-trade analyses as well as identify potential trades that lead to significant margin changes.
The new service can be utilized without additional costs.
About Eurex Clearing
Eurex Clearing is one of the leading central counterparties globally – assuring the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset protection. Eurex Clearing provides fully-automated, straight-through post-trade services for derivatives, equities, bonds and secured funding & financing, as well as industry-leading risk management technologies.
With EurexOTC Clear for IRS, Eurex Clearing offers integrated clearing and collateralization of OTC trans-actions and exchange-traded derivatives under the umbrella of a single clearing house in a uniform legal framework covering all products. The OTC clearing service sets new standards in security and efficiency.
As part of Eurex Group, Eurex Clearing serves more than 190 clearing members in 16 countries, managing a collateral pool of around EUR 48 billion and processing gross risks valued approx. EUR 15.9 trillion every month.
Eurex Group is comprised of Eurex Exchange, the International Securities Exchange (ISE), the European Energy Exchange (EEX), Eurex Clearing, Eurex Bonds and Eurex Repo.
Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).
About OpenGamma
OpenGamma helps financial services firms evaluate, understand, and manage market risk in an open, transparent manner.
The OpenGamma Platform enables firms to optimize their businesses in the evolving OTC markets, improving capital efficiency and balance sheet management. It provides tools for multi-CCP margin calculations, what-if analysis and stress testing, and real-time, cross-asset risk and trading analytics across customized risk scenarios and industry-standard metrics.
Used by both buy-side and sell-side firms, exchanges, CCPs, and other segments of the OTC derivatives market structure, OpenGamma brings a new standard of transparency to the industry, enabling users to gain more insight into their underlying risk exposures, better assess the true costs of trading, and respond more rapidly to the ever-evolving regulatory landscape.
Backed by Accel Partners, FirstMark Capital, ICAP plc and Euclid Opportunities, OpenGamma is headquartered in London with an office in New York.
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