19 August 2017
visit www.avoka.com

ASX licenses IT&e risk technology

27 June 2006  |  4846 views  |  0 Sydney Opera House 2

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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Cameron Systems signs Australian Stock Exchange to FIX platform

Cameron Systems signs Australian Stock Exchange to FIX platform

01 August 2005  |  4686 views  |  0 comments
ASX to move to integrated trading system; Kofex extends OM deal

ASX to move to integrated trading system; Kofex extends OM deal

22 April 2004  |  4112 views  |  0 comments
Brief: ANZ selects IT&e's Razor for risk management

Brief: ANZ selects IT&e's Razor for risk management

17 October 2003  |  3854 views  |  0 comments
ASX to form Australian Clearing House CCP

ASX to form Australian Clearing House CCP

22 November 2002  |  3540 views  |  0 comments
ASX signs co-operation pact with Shanghai

ASX signs co-operation pact with Shanghai

27 September 2002  |  5144 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8051 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7421 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6277 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6134 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5981 views comments | 11 tweets | 9 linkedin