ASX Taps Nasdaq for Post-Trade Risk Management
The Sentinel Risk Manager solution to provide real-time risk management across ASX clearinghouses.
Nasdaq will implement the solution over the next two years, providing ASX with a single real-time risk management solution across both ASX clearinghouses and asset classes, in response to global regulations on intraday risk management and increasing margin methodology sophistication.
"Consolidating our risk technology onto Sentinel's real-time technology will enable ASX to more efficiently fulfill global risk management best practices and provide risk capital benefits to customers," says Tim Thurman, chief information officer at ASX. "The opportunity to deliver both a cross-margining simulation and optimization service will add significant value to our clearing participants and their clients."
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