Minium Financial Technology Ltd (“Minium”), a provider of real-time post-trade technology and services to international investment banks and brokers, 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 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.