Poland's clearing house KDPW_CCP and the Warsaw Stock Exchange (GPW) have opened access to the Risk Management Access (RMA) application for all entities clearing transactions on the exchange. They say the service facilitates risk management and improves the safety of trade in financial instruments on GPW.
Each clearing member and broker providing clearing services can directly define maximum limits on the value of orders placed by an exchange member whose trade it clears. The RMA application also features the Kill Switch functionality where placement of orders by an exchange member can be blocked and its existing orders on the order book can be cancelled.
The solution is based on the Direct Market Access functionality of the UTP trading system.