Eurex Clearing, Europe’s clearing house for securities and derivatives transactions, launched its “Advanced Risk Protection” solution.
The new service enables clearing members and non-clearing members to control their trading and operational risks by setting pre-trade limits on aggregate risk metrics such as the total margin requirement. All members can define the level of protection for themselves, and clearing members are able to set limits for their non-clearing members. Up to three staggered limits are activated when the pre-defined risk metrics are breached. The risk checks are performed in real-time based on actual positions using real-time market prices.
“A reactive risk management approach is not sufficient to cope with the increasing speed in the trading environment. That’s why we give our customers the tools they need to proactively set risk limits in advance”, explained Thomas Book, member of the Eurex Executive Board responsible for clearing. “Our Advanced Risk Protection solution contributes to market safety and is our response to the market’s desire for powerful risk controls that are both latency-neutral and can easily be expressed in terms of real risk figures”, said Book.
With the Advanced Risk Protection, Eurex Clearing highlights its commitment to market safety and integrity. Today’s launch is another milestone on the road towards safeguarding financial markets. On March 15, 2010, Eurex Clearing launched the Enhanced Risk Solution, the first real-time risk data distribution service for derivatives to be offered by a central clearing house. With its suite of risk services, Eurex Clearing responds to industry trends like high frequency trading and direct market access, which dramatically increase the number of transactions and speed of trading. Eurex Clearing is the first central counterparty worldwide to offer risk management and margining data in real-time to its trading and clearing members.**
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.