TRADExpress™ RealTime Clearing is a comprehensive solution for clearing houses and other entities offering clearing services. TRADExpress RealTime Clearing manages millions of accounts and thousands of transactions per second with extremely short latency.
- Multi-asset clearing with cross-margining between asset classes
- Multi- and bilateral clearing of OTC and exchange traded instruments
- Real-time position keeping, margin calculation, collateral valuation, and stress testing
- Risk margining down to final investor level
- Support for pre- and at-trade risk controls and what-if scenarios
- Unique settlement structure allowing both real-time gross settlement and multiple netting models
- A user-configurable web-based interface for both members and clearing operators
The system is based on the TRADExpress Platform, proven in the world’s most demanding exchanges and alternative marketplaces. Scalability, redundancy and extensibility are key design factors. Capacity can smoothly be increased through reconfiguration, allowing for partitioning in several dimensions.
The system architecture allows for rapid implementation of customer-unique adaptations ensuring short time-to-market for your business ideas:
- Exceptionally short time-to-market for new products through the plug-in architecture for new instruments and risk models.
- Support of standard protocols such as FIX and SWIFT.
- The complete set of services is available through a comprehensive API.