JPX turns to Cinnober for clearing solution

The Japan Exchange Group (JPX) has turned to Cinnober to deliver a real-time clearing solution for its listed derivatives market (operated by the Osaka Exchange (OSE), and cleared by the Japan Securities Clearing). The implementation will be based on Cinnober’s TRADExpress RealTime Clearing product.

Cinnober says the multi-asset clearing solution has proven itself at several high-profile counterparties globally; it enables margin and settlement savings for their clients thanks to netting effects, offers improved risk management, extreme performance, faster product development capabilities and efficient operations.

In its ambition to enhance its delivery capabilities as an internationally renowned clearing house, JPX seeks to create a top-modern clearing system and implement a new technical architecture for the Japanese market. This global leading technology will provide real-time capabilities for clearing as well as sophisticated risk monitoring, says Cinnober.

Says Cinnober CEO Veronica Augustsson: “As the leading provider of real-time clearing systems, we are positioned with a unique blend of knowledge and experience in this area. Large marketplaces with global ambitions value technology that can reduce risks and handle both today’s and tomorrow’s demand. This is demonstrated by major exchanges successfully using our technology. JPX is known for its high demand on quality and we are therefore extra delighted to have been selected to make this journey together.”