Marex selects Minium for real-time risk management platform
06 June 2018 London
Image: Shutterstock
Minium Financial Technology, provider of real-time post-trade technology and services to international investment banks and brokers, has announced that it has been selected by Marex Spectron to deliver a new generation real-time risk management platform.
The platform will support the growth of Marex’s agency business in exchange traded derivatives and FX.
Minium’s cloud-based platform will allow Marex to monitor counterparty risk in real-time across multiple asset classes via an exception-based smart dashboard.
Marex will leverage Minium’s real-time risk management solution in order to consolidate a number of systems into a single platform with additional features.
The additional features include initial margin and valuation replication over 24 global central counterparties, and real-time initial margin and profit and loss monitoring of positions across multiple assets classes.
It also includes treasury liquidity monitoring and regulator capital calculations as well as what-if simulations.
Richard Reid, Marex’s CRO, said: “We are delighted to be working with Minium on the next evolution of our risk management landscape.”
“Building upon our existing real-time risk management capabilities in a single, cross-asset application enables us to combine powerful risk analytics with superior client service allowing us to be even more responsive to our customers’ needs.”
Patrick Tessier, Minium’s COO, said: “Marex Spectron shares our vision of a digital future for clearing, a market segment where our innovative technology sets a new benchmark for real-time risk and post-trade processing.”
Tessier added: “Our software as a service platform offers firms like Marex the opportunity to significantly improve operational efficiency by automating the mundane tasks resulting from the use of legacy solutions, allowing firms to leverage smart analytics instead, and thereby enhancing client experience.”
The platform will support the growth of Marex’s agency business in exchange traded derivatives and FX.
Minium’s cloud-based platform will allow Marex to monitor counterparty risk in real-time across multiple asset classes via an exception-based smart dashboard.
Marex will leverage Minium’s real-time risk management solution in order to consolidate a number of systems into a single platform with additional features.
The additional features include initial margin and valuation replication over 24 global central counterparties, and real-time initial margin and profit and loss monitoring of positions across multiple assets classes.
It also includes treasury liquidity monitoring and regulator capital calculations as well as what-if simulations.
Richard Reid, Marex’s CRO, said: “We are delighted to be working with Minium on the next evolution of our risk management landscape.”
“Building upon our existing real-time risk management capabilities in a single, cross-asset application enables us to combine powerful risk analytics with superior client service allowing us to be even more responsive to our customers’ needs.”
Patrick Tessier, Minium’s COO, said: “Marex Spectron shares our vision of a digital future for clearing, a market segment where our innovative technology sets a new benchmark for real-time risk and post-trade processing.”
Tessier added: “Our software as a service platform offers firms like Marex the opportunity to significantly improve operational efficiency by automating the mundane tasks resulting from the use of legacy solutions, allowing firms to leverage smart analytics instead, and thereby enhancing client experience.”
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