Based on this agreement, Kinetix will provide technology components from their Trade Manager Suite and services to CME Group for its OTC clearing business.
Kinetix has built a web interface that provides access to CME Clearing margin scenario evaluators. This interface was rolled out as part of CME Clearing’s CDS and IRS product launch.
Kinetix executive director and chief operating officer Mahesh Panjwani said the company is excited to engage a global leader like CME Group and be part of strategic and innovative OTC Clearing solutions.
Kinetix Trading Solutions provides technology services for brokers/dealers, hedge funds, investment management firms and service providers.
A player in the fixed income cash and OTC space, Kinetix’s component-based platform and bespoke solutions provide cross product trade capture and processing, client clearing, risk aggregation and straight through processing to leading ISVs and CCPs.
