Ften, a Nasdaq OMX company, today announced that BofA Merrill Lynch has chosen Ften's RiskXposure (RX) platform to enhance its European Cash Equities clearing business.
RX now provides BofA Merrill Lynch with a comprehensive post trade risk management infrastructure, as a complement to BofA Merrill Lynch's existing systems, that integrates client positions and executed trade data from central counterparty clearing houses (CCP) and exchanges. RX aggregates the data to provide real time market and credit risk exposure on a per-market, per-CCP and per-client basis.
Ted Myerson, Global Head of Access Services at NASDAQ OMX, said; "RX brings general clearing members risk management capabilities closer to the point of trade, empowering them with deeper insight and tighter control over their end client's activity to safely and effectively manage their businesses."
He added, "FTEN is in a unique position to help general clearing members like BofA Merrill Lynch proactively utilize our risk management expertise and proven technology for the clearing community."