Our technological enhancements through Integrated Trading and Clearing (ITaC) will see the migration of the Equity Derivative and Currencies Markets onto Millennium IT and Cinnober in Q4 2017.
Benefits: |
Increased trading volume capability |
Establish a stable platform with consistent and low latency |
Efficient access to real-time derivatives market data Opportunities to expand the range of products offered to the market (i.e. options on spot equities which is the international norm) |
Opportunities for members to utilise cross-market trading strategies |
Expanded services opportunities for international clients |
Alignment to global best practice |
General technological improvements:
Standard market access and Application Program Interfaces (APIs) |
Open, competitive software provider landscape for increased choice of front end providers. |
Publication of trade information aligned to international best practice |
Cross-market functionality for trading, clearing and real-time alerting for surveillance purposes |
Common reference data between trading and clearing services |
Scalable, high performance and configurable technology |
ITaC unlocks the following benefits for clearing:
Establish a more stable and functionally rich clearing platform |
Enhanced functionality in the acceptance of non-cash collateral |
Margin offset |
Increased opportunities for netting of settlements |
Centralised, sophisticated and more real-time risk management for better protection of the market and alignment to global best practice and regulation in support of internationalisation of the markets |