KDPW_CCP looks to OMX

risk management solution to KDPW_CCP, Poland's primary securities clearing house and CCP (Central Counterparty), Finextra writes.

Under the contract, Nasdaq OMX will supply KDPW_CCP with its OTC clearing and Sentinel Risk Manager product in order to support trade life cycle and risk management requirements for clearing of OTC traded instruments.

According to Market Watch, this modular suite of products enables clients to licence their required functionality while preserving their existing software investment.

The solution provides risk management that enables the CCP to protect the integrity of the clearing house and its members, while enabling cross-margin benefits.

Wall Street and Technology quotes Iwona Sroka, president and CEO of KDPW_ CCP, as saying: "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 life cycle 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."