JPX Selects Cinnober for Risk Monitoring

Japan Exchange Group (JPX) announced its plans to adopt a cross-asset risk monitoring solution from Cinnober as part of its ongoing clearing system upgrade project.

The risk monitoring solution, customized and partially based on the risk module in Cinnober's TRADExpress RealTime Clearing platform, will be implemented across the JPX equities, bonds, futures, options, CDS and IRS markets for cross-asset risk monitoring and stress testing, back testing and Value at Risk (VaR).

In February JPX added real-time clearing and risk monitoring for its listed derivatives market from Swedish vendor Cinnober, also through TRADExpress RealTime Clearing.

"The real-time clearing of listed derivatives, paired with sophisticated risk monitoring across all asset classes, are important milestones in our next generation clearing system," said Hiroyuki Shibuya, CIO of JPX, in a statement. "This will take our services to the next level and strengthen our position in a global and very competitive market."

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• Topics
• Japan Exchange Group
• Risk Management, Performance & Reporting
• Operations
• Cinnober Financial Technology AB
• Clearing and settlement