Interactive Data, a leading provider of low-latency technology and market data feed services and GlobalRisk, a developer of risk management software, have collaborated to deliver trading risk analysis and financial data to the U.S. Commodity Futures Trading Commission (CFTC).
CFTC, the principal regulator in the U.S. for futures and options, issued a contract to obtain the additional tools to help assess and monitor the risk exposures for derivatives transactions in real time.
The agreement aligns with industry-wide initiatives directed at improving risk management analysis and standardization for OTC derivatives globally. GlobalRisk’s FirmRisk offering captures real-time or delayed equities, futures and options data from Interactive Data’s Consolidated Feed and runs stress tests and analytics to help calculate intra-day risk exposure metrics. GlobalRisk has recently expanded its analysis capabilities to include interest rate and credit default swaps and 99 additional market scenarios that can be analyzed across all available products.
“Managing derivatives risk is a challenge and high-quality data and methodologies enable a better understanding of real-time risk exposures,” said Emmanuel Doe, Managing Director and President, Real-time Feeds for Interactive Data. “We believe our collaboration with GlobalRisk can assist the industry in its efforts to advance risk management through high-quality data and powerful analysis in support of strategic decision-making.”
“When GlobalRisk was awarded this contract I knew that a project of this scope would require our best real-time risk management software paired with high-quality market data. We found our answer with Interactive Data,” said Steven Probst, CEO and President of GlobalRisk. “We are very pleased to have been chosen to assist the futures industry as it seeks to advance real-time risk management to new levels of real-time transparency,” he added.