The Australian Securities Exchange has announced it will use Nasdaq technology to build its post-trade risk management system.
The Australian exchange has selected Nasdaq to deliver its "next generation post-trade risk management solution".
"Sentinel Risk Manager will provide a single, real-time risk management system across both ASX clearing houses and all asset classes, including real-time margin calculation and related customer risk analytics," said a joint statement by Nasdaq and the ASX.
The ASX's new 'technology transformation', announced to the market in February 2015, will be rolled out in five phases over the next two years.
ASX chief information officer Tim Thurman said that consolidating the ASX's 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".
"The opportunity to deliver both a cross-margining simulation and optimisation service will add significant value to our clearing participants and their clients," Mr Thurman said.
Nasdaq has provided technology to the ASX since 1996.
RBA’s head of domestic markets has said that despite the risk’s equities remain one of Australia’s largest and most profitable markets...
The Australian ETP industry experienced net inflows of $586 million over November as the S&P/ASX 200 Accumulation Index fell 2.21 per ce...
UBS Asset Management Australia has expanded its offerings to clients with a new partnership to increase access to sustainable investments. ...