NASDAQ OMX has announced it is selected to deliver its OTC clearing and risk-management system to Polish clearing house KDPW CCP. The product supports trade lifecycle and real-time risk management requirements for clearing of OTC traded instruments.
Iwona Sroka, president and CEO of KDPW said, “It was important to select a solution that easily integrates with KDPW’s legacy CCP infrastructure and provides the connectivity and information required by our clearing members. NASDAQ OMX’s Sentinel solution meets those requirements by providing the trade lifecycle and risk information required by KDPW and its members to clear OTC trades. This in combination with compliance with international regulation standards makes it a perfect match for the Polish market.”
Sentinel Risk Manager is compliant with pending legislation for OTC clearing such as EMIR in Europe and Dodd-Frank in the US. NASDAQ OMX’s Nordic clearing house and IDCG in the US have integrated the Sentinel technology within their CCP infrastructure.
.jpg)