Minium’s solution, based on Cinnober’s award winning technology for exchanges and clearinghouses, will enable banks and brokers to offer modern and efficient real-time post-trade services to their customers.
This includes a complete overview of their risk exposure to different markets in real-time. Minium’s multi-asset technology is able to handle all asset classes traded on exchange as well as over-the-counter to provide operational and capital efficiencies.
“Minium offers a unique high availability real-time core engine that powers advanced cross-asset risk and post-trade modules: this combination will support our customers in their transformation away from the constraints of today’s legacy solutions”, says Patrick Tessier, COO of Minium. “This new subsidiary will take risk management and post-trade services to the next level, by providing true exception based real-time services supported by today’s scalable technology”.
Minium offers a flexible, cross asset and cross currency open architecture where clients can choose between a fully integrated solution or individual components based on their needs and preferences. The solution is a real-time platform enabling banks and brokers to manage their clients’ risk, collateral, and margin requirements with all decisions based on live data. It gives users a new ability to focus solely on smart data analysis, enhanced client service and fast decision making rather than searching for and reconciling data across fragmented and slow legacy systems. As a completely cloud capable solution, it comes without the disruptive upgrade cycles and large maintenance budgets of old platforms. In addition, Minium’s solution is designed to be accessible on the go via smartphones and tablets to support modern working practices.
“With its real-time technology, Cinnober has revolutionised the highly regulated world of clearinghouses enabling them to scale up their post-trade processing capabilities and to perform complex cross-asset risk calculations so they can mitigate risk by calling their clearing members for margins in real-time”, says Veronica Augustsson, CEO of Minium’s parent company Cinnober. “It is now time that these kinds of cutting edge capabilities are made available to banks and brokers to help them grow their business whilst optimising their capital and funding resources”.
Minium enables real-time trading and clearing, and works as an open ecosystem to offer clients a menu of best-of-breed components that work together in a single cohesive manner. The solution identifies, delivers and future-proofs clients’ individual requirements.