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In 2016, it introduced Oneview, its flagship risk management software, [9] which is a real-time, front and middle office platform with a microservices' architecture, designed for pre-trade pricing, post-trade valuations, XVAs, counterparty risk, market risk, margin and capital calculations. [10] Emanuele Conti was appointed CEO of Numerix in ...
Murex is a financial services that provides financial software for trading, treasury, risk, and post-trade operations. [6] It was founded in 1986 by Laurent Néel and Salim Edde. Murex has its main office in Paris and serves customers across 70 countries. [7] Murex’s platform, MX.3, is used by banks, asset managers, pension funds and ...
As a result of the 2007–2008 financial crisis, risk management became a focal point for financial investments. Very few asset managers had the appropriate personnel and expertise for this. BlackRock's offer to use Aladdin's analysis tools and databases for risk assessment met market demand and brought BlackRock a very broad customer base. [12]
A central clearing counterparty (CCP), also referred to as a central counterparty, is a financial market infrastructure organization that takes on counterparty credit risk between parties to a transaction and provides clearing and settlement services for trades in foreign exchange, securities, options, and derivative contracts. CCPs are highly ...
Collateral management is the method of granting, verifying, and giving advice on collateral transactions in order to reduce credit risk in unsecured financial transactions. The fundamental idea of collateral management is very simple, that is cash or securities are passed from one counterparty to another as security for a credit exposure. [ 9 ]
LCH, being a clearing house, sits in the middle of a trade – assuming the counterparty risk involved when two parties trade and guaranteeing the settlement of the trade. To mitigate the risks involved it imposes certain minimum requirements on its members and collects initial and variation margin (or collateral) from them for trades that have ...
In order to address counterparty risk, members must provide collateral to ICE Trust [ICE Clear Credit LLC since July 16, 2011] to cover their obligations under cleared CDS. Members must also make initial and ongoing contributions to a guaranty fund that can be used by ICE Trust in the event of a member default (Forrester et al 2009)." [4]
Convercent is a Denver, Colorado-based software company that helps companies design and implement compliance programs. [1] The company's Convercent governance, risk management and compliance (GRC) software integrates the management of corporate compliance risk, cases, disclosures, training and policies.