Today Nasdaq (NDAQ) unveiled the enhanced Nasdaq Risk Platform, a real-time single point of access risk platform for sell-side and clearing broker communities.
The cloud-based risk platform provides visibility of initial margin, counterparty risk controls and improved risk-adjusted outcomes across asset classes. The Nasdaq Risk Platform has an open and flexible risk aggregation framework that allows integration of market data sources and risk models, enabling clients to consolidate multiple asset specific point solutions for risk management into one single multi-asset solution improving capital and liquidity monitoring across firms.
Nasdaq’s SaaS-delivery model enables scalability, rapid time to market, and flexible technology upgrades that further bolsters risk management capabilities for the sell-side and clearing broker communities. The real-time risk parameters allow for fast and effective risk mitigation while protecting a firm’s balance sheet. The Nasdaq Risk Platform offers a suite of functions, including:
24/7 multi-asset coverage across equities, derivatives and commodities venues globally
Real-time Exchange Margin replication
Real-time and historical market data services
Real-time position, exposure, and profit & loss calculations
Real-time Value-at-risk (VaR), stress testing and scenario analysis for market risk
Developed using cloud-native technology
In addition, Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has tapped Nasdaq to power its risk management system. Now live on the Nasdaq Risk Platform, Sucden Financial has a fully interactive, cloud-based system that enables better visibility into real-time risk control.
“When volatility increases, trading behaviors change and risk management evolves, so we continue to focus on developing technology solutions that help safeguard and uphold the integrity of the capital markets,” said Valerie Bannert-Thurner, SVP and Head of Buy-Side and Sell-Side Business Solutions, Market Technology, Nasdaq. “With the new capabilities built into the Nasdaq Risk Platform, our clients can advance their real-time risk controls and analysis across assets, venues and regions.”
“Effective risk management is essential for our diversified operations. We have worked with Nasdaq to develop a powerful real-time multi-asset risk management platform, which will further improve efficiencies within the business.”
Mike Coomber
Chief Risk Officer