Nasdaq Enhances Risk Platform to Help Banking and Broker-Dealer Community Manage Real-Time Risk
Significant upgrades incorporating additional asset classes and live streaming capability to better navigate extreme market volatility
Number of customers using the Nasdaq Risk Platform increased by over 50% in the last 12 months, reflecting substantial increase in demand for real-time risk capability
The latest major release of the Nasdaq Risk Platform adds fixed income securities including Government Bonds, Corporate Bonds and Convertible Bonds to offer users a consolidated view of risk across a broad range of asset classes including Fixed Income, Equities and Equity Options, Exchange Traded Derivatives and Foreign Exchange. It also significantly enhances multi-factor and intraday stress testing tools that are capable of isolating and managing specific risks within large and complex scenario sets.
“The extreme volatility in recent weeks has demonstrated the consequences of firms not understanding their intra-day liquidity and market risk. We’ve seen a significant increase in demand from banks and broker-dealers who recognize the importance of being able to distill, analyze, interpret, and act on signals in a genuinely live environment,” said
Other significant enhancements include adding an open source distributed streaming system, Kafka, to feed live risk analytics, and fully incorporating Nasdaq Derivatives Pricing into the platform. Delivered via the Nasdaq Risk Platform or standalone, Nasdaq Derivatives Pricing provides streaming option analytics including theoretical prices, greeks and recalibrated option volatilities to clients. The integration enables firms to conduct P&L, Value at Risk (VaR) and stress testing calculations on option portfolios which is done using recalibrated intraday volatility surfaces, a three-dimensional plot mapping option values against the possible strike prices of an underlying stock.
The platform is a key growth area for of Nasdaq’s Marketplace Technology business, with the company increasing its customer base by 50% over the last 12 months.
Timely Capabilities to Navigate a Volatile Environment
Built in the cloud, and deployed via SaaS, the platform has the ability to scale rapidly at times of high market volatility. It is developed and maintained by Nasdaq, applying the same high standards and levels of monitoring and support the company applies to its own marketplaces.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Contact:
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com
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