Eurex Clearing launches next-generation risk management system
Eurex have gone live with Prisma their integrated risk management platform, one of the benefits being:
Eurex Clearing Prisma will allow cross-margining between listed and OTC derivatives in a single methodology and thus significantly improve capital and operational efficiency.
Of the various vertical groups, Deutsche Bourse has all the components to make a big push into integrating ETD and OTC products flows, having the ETD exchange, and an ETD CCP with the IRS CCP looking for business.
Prisma seems to give them the capability to equal the CME approach for combining the IM calculations across markets, along with a methodology for close out.