Wednesday March 9 2016
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: Australia
Link: http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=957941
Nasdaq and Australian Securities Exchange (ASX) have announced that Nasdaq will replace ASX`s existing equities and equity options clearing technology platforms – a significant element of ASX`s technology transformation program outlined in February 2015. This technology development will be undertaken on Nasdaq`s Genium INET Clearing platform, which is already in use at ASX for futures clearing.
ASX also recently went live with Sentinel Risk Manager, Nasdaq`s post-trade risk management solution. Phase 1 – the default management component – is now in operation. Once fully implemented, the new next generation platform will provide ASX with a single, real-time risk management system across both its clearing houses and all asset classes, including real-time margin calculation and related customer risk analytics.
Click on the link above for further details.