GlobalRisk Teams up with Interactive Data for Joint CFTC Oversight Utility

The collaboration followed after the CFTC issued a contract to obtain additional tools to help monitor potential risk exposures.

Interactive Data, a provider of market technology data feed services has partnered with GlobalRisk, a developer of risk management software, to deliver trading risk analysis and financial data to the US’ Commodity Futures Trading Commission (CFTC), according to an Interactive Data statement.

The collaboration followed after the CFTC, the principal regulator in the US for both futures and options, issued a contract to obtain additional tools and capabilities to help manage and monitor potential risk exposures for its derivatives transactions.

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GlobalRisk’s FirmRisk offering caters to several asset classes, including equities, futures, and options data which draws on Interactive Data’s Consolidated Feed, running comprehensive stress tests and analytics in a bid to ascertain and calculate intra-day risk exposure metrics.

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According to Emmanuel Doe, Managing Director and President, Real-time Feeds for Interactive Data, in a recent statement on the collaboration, “Managing derivatives risk is a challenge and high-quality data and methodologies enable a better understanding of real-time risk exposures.”

Moreover, “We believe our collaboration with GlobalRisk can assist the industry in its efforts to advance risk management through high-quality data and powerful analysis in support of strategic decision-making,” he added.

“When GlobalRisk was awarded this contract I knew that a project of this scope would require our best real-time risk management software paired with high-quality market data. We found our answer with Interactive Data. We are very pleased to have been chosen to assist the futures industry as it seeks to advance real-time risk management to new levels of real-time transparency,” noted Steven Probst, CEO and President of GlobalRisk, in an accompanying statement.

Last month, Intercontinental Exchange (NYSE:ICE), a global network of exchanges and clearing houses, formalized its plans to acquire Interactive Data in a move valued at approximately $5.2 billion. The landmark acquisition was designed to help ICE assimilate with Interactive Data’s financial data capabilities, which serves a variety of sectors, including mutual funds, banks, asset managements, hedge funds, and securities, among others.

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