Nasdaq Introduces Real-Time Clearing

U.S. exchange operatorNasdaq OMX Grouphas introduced a new clearing system,金融时报》reports. It will use the Nasdaq Genium Risk system for its Nordic clearinghouse. The new system will provide “real-time” risk management for several exchange-traded assets and over-the-counter derivatives.

Heightened market volatility and reform measures by the Group of Twenty nations calling for greater use of clearing have spurred real-time clearing services. Brazilian exchangeBM&FBOVESPAhad entered into an agreement with independent Swedish and UK clearing technology companiesCinnober Financial TechnologyandCalypsofor a real-time clearing system in October.

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