The Australian Stock Exchange (ASX) is implementing Sydney-based IT&e's risk management system, Razor, at its clearing house.
The vendor says its technology will be used to support the Australia Clearing House's (ACH) counterparty credit and liquidity risk management requirements for all trades executed on the exchange.
Razor will provide ACH with value-at-risk and stress testing capabilities to support intra-day and overnight risk management activity.
IT&e says its system was selected for its ability to maintain international regulatory best practice principles and methodology.
Paul Jones, GM, clearing risk development, markets division, ASX, comments: "As the CPSS-IOSCO Recommendations for Central Counterparties highlight, risk management expectations of clearing organisations are rising steeply.
"ASX is keen to ensure that its central counterparty, the Australian Clearing House (ACH), continues to meet industry best practice and IT&e's Razor solution will help ACH achieve this goal."