SLIB, a provider of software and services for the financial industry, has extended its risk management platform SLIB Clearing Risk Management System (CRMS) by connecting to the Hong-Kong CCP: HKSCC (Hong-Kong Securities Clearing Company) for the SEHK (Stock Exchange of Hong-Kong) market.
SLIB has said that its CRMS is a risk management solution for securities clearing, and covers the principal European cash trading venues as well as listed derivatives. All the risk/margining algorithms used in CCP clearing, including SPAN, ERA, RBM and TIMS, are natively implemented in SLIB CRMS.
According to the SLIB, the risk management platform enables the global clearer to better monitor and mitigate the risks it runs versus its customers – brokers or internal customers – who may trade in any or all of the markets. In particular, SLIB CRMS offers a synthetic vision of multi-market risk via aggregation and cross-margining.
Bernard Tardy, sales and marketing director at SLIB, said: “In the current context of aversion to risk, SLIB CRMS is a quickly evolving platform, with a constant growing scope in order to anticipate the requests of our customers. Integrating the HKSCC algorithms represents an important milestone in this evolution path since it is the first step from Europe to Asia; and this is not over…”