Borsa Italiana and Kedrios implement Rolfe and Nolan's Merlin Margin

Borsa Italiana and Kedrios implement Rolfe and Nolan's Merlin Margin

BIt Systems, the technology arm of Borsa Italiana, and back office services firm Kedrios have implemented Rolfe and Nolan's ASP service Merlin Margin.

Merlin Margin delivers global coverage of margining for futures and options and central counterparty (CCP) eligible markets.

As a result of the deal, BIt Systems, in partnership with Kedrios, has implemented its new risk management service Cross Margin Control, which covers CCP-eligible products in the Italian cash equity market (MTA) and equity derivatives market (Idem). Cross Margin Control enables clients to cross margin cash and derivatives positions and perform intra-day margin recalculation for the positions of general, non and direct clearing members with the clearing house.

Colin Wade, European sales director, Rolfe & Nolan, says the deal underlines the fact that the ASP margin solution is a value-added service for exchange members.

"This initiative embraces three of our key strategies: exchange-enablement; the delivery of ASP services; and the roll-out of Merlin, our next-generation modular processing solution," says Wade.

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