ASX deploys latest TMX Razor Risk tech

Source: TMX Group

TMX Group Inc.'s (TSX:X) technology business, TMX Technology Solutions, today announced that Razor Risk 3.0 launched at ASX Group (ASX), Australia's multi-asset class, vertically integrated exchange group, and one of the world's top-10 listed exchanges.

The launch of the new Razor Risk 3.0 system provides significant efficiency improvements, more than doubling the speed of the calculations for margining, as well as for capital and liquidity stress tests.

"Razor 3.0 has been engineered to offer a dramatic increase in performance for our customers," said Brenda Hoffman, Group Head of Technology and Chief Information Officer, TMX Group. "It is part of our constantly evolving product road map that will continue to bring leading risk management performance and functionality to our existing and new customers."

"In conjunction with Razor Risk, ASX has implemented the first important stage of this complex risk management project. Participants can now familiarize themselves with their potential margin calls in the equity market before ASX Clear starts calling margins in June of next year," said Paul Jones, General Manager, ASX Clearing Risk Policy. "We look forward to continuing to work with Razor Risk as we enhance ASX Clear's stress testing and intraday margining capabilities."

Razor Risk, which was acquired by TMX Group in February 2012, is a leading provider of risk management technology and consulting solutions to financial institutions worldwide. 

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