Tech Beat: OTC Clearing Moves to Real-Time
By Phillip Stafford
Published November 30 2011 Financial Times
Moves by global regulators to push more over-the-counter derivatives (OTC) through clearing is leading to a fundamental overhaul of the technology the industry uses. A stream of news in recent weeks has highlighted the issue. BM&F Bovespa, the Brazilian exchange operator which also operates four clearing houses, chose Cinnober, a Swedish trading technology group, and Calypso Technology, a US peer, to provide the technology for its new multi-asset class central counterparty to evaluate risk.
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