Genium Risk will provide the clearing house with a real-time risk management solution, including new tools for improved risk monitoring and handling of incidents for derivatives clearing.
Additionally, capital efficient risk models for fixed income and equities will optimize the use of member collaterals.
Exchange firm said Genium Risk platform meets trading members’ increasing needs of advanced technical solutions and capital efficiency as non-exchange traded financial instruments are forced into centralized clearing, in line with new transparency regulations.
NASDAQ OMX Nordic president Hans-Ole Jochumsen said that the clearing house will have Europe’s first risk management system capable of integrating all asset classes and will handle both OTC and exchange traded instruments. Genium Risk will enable them to launch risk management products to external clearing houses and members.
Genium Risk platform currently handles fixed income derivatives and equities derivatives and in March 2012, the NASDAQ OMX commodity business is expected to migrate to Genium Risk.
