HKEX takes no risks with Nasdaq tech
Hong Kong Exchanges and Clearing (HKEX) will roll out the Nasdaq Real-Time Risk solution across all of HKEX’s cash and derivatives markets via the Nasdaq Financial Framework (NFF).
“Nasdaq’s Real-Time Risk solution supports several of the world’s largest and most systemically important financial institutions to help capture and manage risk across their markets,” says Magnus Haglind, senior vice-president, head of product management, market technology, Nasdaq.
He adds: “Since the 2008 financial crisis, clearing houses now operate in an increasingly complex environment – the bar for satisfying regulatory requirements and customer needs around risk management has never been higher.”
Haglind states that Nasdaq’s solution will provide HKEX with a single point-of-entry for risk management across all its markets, aiming at bolstering efficiency and flexibility to adopt to new market initiatives.
The solution is tailored specifically to the needs of central clearing counterparties (CCPs) through compliance with regulatory requirements.
The solution is powered by the NFF, which consists of a single operational core tying together the trade lifecycle, in an open framework whereby market operators and participants can integrate Nasdaq’s business applications with each other, as well as other third-party solutions.
Nasdaq’s technology powers over 250 market infrastructure organisations and market participants, including broker-dealers, exchanges, clearing houses, central securities depositories and regulators, in over 50 countries.
