NASDAQ will balance risk for Poland’s primary CCP 11 February 2013Stockholm Reporter: Georgina Lavers
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The NASDAQ OMX Group will deliver a risk management solution to KDPW_CCP, Poland’s primary securities clearing house and CCP.
Under the contract, NASDAQ OMX will supply KDPW_CCP with its OTC clearing and Sentinel Risk Manager product in order to support trade lifecycle and risk management requirements for clearing of OTC traded instruments.
Sentinel Risk Manager is part of NASDAQ OMX’s multi-asset clearing solution for OTC and listed derivatives. NASDAQ OMX’s Nordic clearing house and IDCG in the US have integrated the Sentinel technology within their CCP infrastructure.
Iwona Sroka, president and CEO of KDPW_ CCP said: “It was important to select a solution that easily integrates with KDPW’s legacy CCP infrastructure and provides the connectivity and information required by our clearing members. NASDAQ OMX’s Sentinel solution meets those requirements by providing the trade lifecycle and risk information required by KDPW and its members to clear OTC trades.”
Lars Ottersgård, senior vice president of NASDAQ OMX Market Technology said: “Sentinel Risk Manager provides a unique opportunity for CCPs to deploy a sophisticated risk assessment solution that can easily plug into their existing clearing infrastructure and preferred external liquidity sources.”
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