LCH Partners with MillenniumIT for Real-Time Risk Management
The clearinghouse will implement PostTrade, which uses GPU technology to provide real-time risk analysis.
The collaboration will allow LCH to use graphics processing unit (GPU) technology, which has the ability to run multi-dimensional risk algorithms.
Mack Gill, CEO of MillenniumIT, tells WatersTechnology that this is one of the key features that will help LCH to manage risk on a global basis.
"We'll provide hardware acceleration with specialized GPU chips to combine the software and the hardware capabilities and therefore real-time risk calculation," he says. "They use the platform to process huge
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