Assessing real-time risk becomes more important in the financial industry. HKEX acknowledges they need strong partnerships to make this happen. By implementing Nasdaq’s real-time risk suite, the company will bring this functionality to cash and derivatives market in the near future. A positive development for clients of Hong Kong Exchanges and Clearing Limited.

In the world of finance, assessing risk is vital. Nasdaq acknowledged the potential to combine this aspect with innovative technology several years ago. Their real-time risk suite has been of great value to various service providers over the years. Hong Kong Exchanges and Clearing Limited – or HKEX-  is the latest to introduce this technology on a large scale.

Real-time Risk Assessment is a Necessity

This real-time risk solution is designed to cater to central clearing counterparties. It offers highly efficient operations and frictionless compliance with regulatory demands. Under the hood, it makes use of Nasdaq‘s Financial Framework to deliver end-to-end solutions to financial infrastructure providers.

HKEX CTO Richard Leung adds:

“We are delighted to be partnering with Nasdaq in deploying its highly regarded risk management technology for our cash and derivatives markets. We have enjoyed a long and fruitful partnership with Nasdaq and we look forward to its continued support as we introduce this new technology.”

This is another positive development for the finance industry. As risk can be assessed in a proper manner, healthier trading behavior will ensue. Especially in the world of cash and derivative markets, real-time tracking is not an unnecessary luxury. Clearinghouses deal with far more complex requirements since the 2008 financial crisis. Tapping new technologies to counter potential issues is the logical course of action.

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JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.

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