Minium to Provide Risk Management Solutions to Marex Spectron

by David Kimberley
  • The commodities broker will be Minium's first client
Minium to Provide Risk Management Solutions to Marex Spectron
Finance Magnates

Minium Financial Technology Ltd (Minium), a provider of real-time post-trade technology, announced today that it has signed Marex Spectron (Marex) as its first client. The deal will see the commodities broker using Minium’s main product offering, a Risk Management solution, to meet regulatory requirements and streamline its risk management process.

This risk management system will enable Marex to monitor counterparty risk in real-time and across asset classes. The technology provider claims that this will simplify Marex’s risk management process as it will amalgamate a number of risk management procedures that were previously run separately.

Minium also noted that it would be providing Marex with a number of other capabilities through its risk management system. The firm claims it can produce real-time value at risk (VAR) computations, monitor, in real-time, initial margin limits and perform treasury Liquidity analyses.

A must have: meeting regulatory requirements

Given the heavily regulated nature of the financial industry, no risk management system would be complete without some compliance features. It seems as though Marex won’t be missing out on this front as the software it will receive also can perform capital requirements calculations.

Marex’s Chief Risk Officer, Richard Reid, discussed the deal with Minium, saying: “We are delighted to be working with Minium on the next evolution of our risk management landscape. Building upon our existing real-time risk management capabilities in a single, cross-asset application enables us to combine powerful risk analytics with superior client service allowing us to be even more responsive to our customers’ needs.”

Minium Financial Technology Ltd (Minium), a provider of real-time post-trade technology, announced today that it has signed Marex Spectron (Marex) as its first client. The deal will see the commodities broker using Minium’s main product offering, a Risk Management solution, to meet regulatory requirements and streamline its risk management process.

This risk management system will enable Marex to monitor counterparty risk in real-time and across asset classes. The technology provider claims that this will simplify Marex’s risk management process as it will amalgamate a number of risk management procedures that were previously run separately.

Minium also noted that it would be providing Marex with a number of other capabilities through its risk management system. The firm claims it can produce real-time value at risk (VAR) computations, monitor, in real-time, initial margin limits and perform treasury Liquidity analyses.

A must have: meeting regulatory requirements

Given the heavily regulated nature of the financial industry, no risk management system would be complete without some compliance features. It seems as though Marex won’t be missing out on this front as the software it will receive also can perform capital requirements calculations.

Marex’s Chief Risk Officer, Richard Reid, discussed the deal with Minium, saying: “We are delighted to be working with Minium on the next evolution of our risk management landscape. Building upon our existing real-time risk management capabilities in a single, cross-asset application enables us to combine powerful risk analytics with superior client service allowing us to be even more responsive to our customers’ needs.”

About the Author: David Kimberley
David Kimberley
  • 1226 Articles
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About the Author: David Kimberley
  • 1226 Articles
  • 19 Followers

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