5 JUNE 2018
Minium Financial Technology Ltd (“Minium”), a provider of real-time post-trade technology and services to international investment banks and brokers, today announces that it has been selected by Marex Spectron (“Marex”) to deliver a new generation real-time risk management platform to support the growth of Marex’s agency business in exchange traded derivatives and FX.
Minium’s cloud-based platform will allow Marex, a leading global broker of financial instruments in the commodities sector, to monitor counterparty risk in real-time across multiple asset classes via an exception-based smart dashboard.
Marex will leverage Minium’s real-time risk management solution to consolidate a number of systems it currently uses into a single platform with additional key features, including:
- Initial margin and valuation replication over 24 global CCPs with the ability to perform what-if simulations
- Real-time value at risk (VAR) and stress VAR computations
- Real-time initial margin and P&L limit monitoring of positions across multiple assets classes
- Treasury liquidity monitoring including intra-day CCP margin call forecasting
- Regulatory capital calculations and what-if simulations
Richard Reid, Marex Spectron’s CRO, said “We are delighted to be working with Minium on the next evolution of our risk management landscape. Building upon our existing real-time risk management capabilities in a single, cross-asset application enables us to combine powerful risk analytics with superior client service allowing us to be even more responsive to our customers’ needs.”
Patrick Tessier, Minium’s COO, said “Marex Spectron shares our vision of a digital future for clearing, a market segment where our innovative technology sets a new benchmark for real-time risk and post-trade processing. Our Software as a Service platform offers firms like Marex the opportunity to significantly improve operational efficiency by automating the mundane tasks resulting from the use of legacy solutions, allowing firms to leverage smart analytics instead, and thereby enhancing client experience.”
Minium’s risk management system will be delivered in phases, beginning in Q4 2018 and will support Marex’s activities in FX and exchange traded derivatives cleared by 24 CCPs globally.
ABOUT MINIUM FINANCIAL TECHNOLOGY
Minium is part of Cinnober Group, the world leading independent provider of software to Exchanges and Clearing Houses whose clearing and risk management clients include APEX, B3, DGCX, JPX, JSE and LME Clear.
Minium’s vision is to deliver scalable and powerful software to Banks and Brokers that will modernise their risk and post-trade processes, in the same way that its parent Cinnober has revolutionised risk and post-trade for Clearing Houses.
Our cutting-edge technology enables Banks and Brokers to transform their business and reinvent the way they engage with their clients in the digital age.
Not only does Minium’s Cloud-hosted core solution support both risk and post-trade processing across multiple asset classes, but it is also modular meaning our clients will be able to select the modules that suit their specific business needs.
For more information please contact email@example.com or call +44 20 3735 4777.
ABOUT MAREX SPECTRON GROUP LIMITED
Marex Spectron is a leading global commodities brokerage, with significant market share of many major Agricultural, Metal and Energy products. Headquartered in London, Marex Spectron’s extensive international network covers Europe, Asia and North America markets.
State-of-the-art electronic and voice broking services facilitates all types of trading strategies. This is backed by decades of experience, with Marex Spectron placing great emphasis on intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools.
Clients are commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
Global exchange memberships include, amongst others, the London Metal Exchange (LME), CME Group and ICE Group.
Marex Spectron is regulated in the UK by the FCA, in the US by the NFA and CFTC, in Hong Kong by the SFC, and in Singapore by the MAS.
For more information visit www.marexspectron.com