LONDON and NEW
YORK, Jan.
17, 2019 /PRNewswire/ -- TriOptima, a leading
infrastructure service that lowers costs and mitigates risk in
OTC derivatives markets, today announced that it has
launched triCalculate IM Analytics which provides crucial insight
into the options for initial margin (IM) calculation, helps with
the identification and prioritization of in-scope counterparties
and aids trading decisions to reduce future IM costs.
The service supports organizations that are in-scope for Phases
4 and 5 of the initial margin requirements, which come into effect
in 2019/20. These two phases are anticipated to pull in thousands
of regional banks and buy side participants with portfolios above
€750bn and €8bn in notional value respectively. Those coming into
scope are faced with a variety of operational challenges around the
calculation and exchange of IM.
The triCalculate IM Analytics service supports the Standard
Initial Margin Model (SIMM™) versus schedule decision-making
process and is the latest tool in a series of initial margin
services offered by TriOptima. TriOptima's triCalculate IM
Analytics, triResolve and triResolve Margin services and
AcadiaSoft's Initial Margin Exposure Manager work together to
calculate IM inputs, manage margin calls and resolve disputes for
in-scope firms.
"With less than a year to go until the next IM tranche,
regulators will expect to see tried and tested IM calculation
models supported by data well in advance of the September deadline.
However, many firms are currently unaware if they will be affected,
let alone what they need to do to meet the demands. triCalculate IM
Analytics helps clients achieve compliance, overcome challenges and
evolve with the market," said Thomas
Griffiths, Co-CEO, triCalculate.
In November 2018, TriOptima was
listed in the Chartis RiskTech 100 for the first time. The
ranking places the business in the top 25 risk technology vendors
globally for the risk analytics service, triCalculate.
TriOptima is a part of CME Group. As the world's leading
and most diverse derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest
range of global benchmark products across all major asset classes
based on interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. The company offers futures
and options on futures trading through the CME Globex® platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
Logo -
https://mma.prnewswire.com/media/809590/TriOptima_Logo.jpg