Latest version of Razor Risk brings significant improvements
TORONTO, Aug. 13, 2012 /CNW/ - TMX Group Inc.'s (TSX:X) technology business, TMX Technology Solutions, today announced that Razor Risk 3.0 launched at ASX Group (ASX), Australia's multi-asset class, vertically integrated exchange group, and one of the world's top-10 listed exchanges.
The launch of the new Razor Risk 3.0 system provides significant efficiency improvements, more than doubling the speed of the calculations for margining, as well as for capital and liquidity stress tests.
"Razor 3.0 has been engineered to offer a dramatic increase in performance for our customers," said Brenda Hoffman, Group Head of Technology and Chief Information Officer, TMX Group. "It is part of our constantly evolving product road map that will continue to bring leading risk management performance and functionality to our existing and new customers."
"In conjunction with Razor Risk, ASX has implemented the first important stage of this complex risk management project. Participants can now familiarize themselves with their potential margin calls in the equity market before ASX Clear starts calling margins in June of next year," said Paul Jones, General Manager, ASX Clearing Risk Policy. "We look forward to continuing to work with Razor Risk as we enhance ASX Clear's stress testing and intraday margining capabilities."
Razor Risk, which was acquired by TMX Group in February 2012, is a leading provider of risk management technology and consulting solutions to financial institutions worldwide.
About TMX Group
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group Inc., visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX GROUP INC.
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Manager, Corporate Communications