NASDAQ OMX Groups OTC clearing and risk management solution Sentinel is now live on KDPW_CCP’s OTC post-trade platform, supporting the Polish CCPs trade lifecycle and risk management requirements for clearing of OTC-traded instruments.
KDPW_CCP signed up for the service following European Market Infrastructure Regulation requirements for the clearing of OTC derivatives via central counterparties.
Sentinel also interfaces with the CSD system KDPW_STREAM, trade confirmation platforms including MarkitWire and SWIFT Accord and the trade compression platform.
“KDPW_CCP is utilizing NASDAQ OMX’s Sentinel technology as a part of its KDPW_OTC clearing system, to provide the robust real time risk management required by our clearing members,” said Iwona Sroka, president and CEO of KDPW_CCP. “We aim to maintain our leadership role as Poland’s de facto clearing house.”
Lars Ottersgrd, senior vice president of Market Technology for NASDAQ OMX, adds: “This partnership with KDPW_CCP marks a substantial milestone for our post-trade technology business. By offering clearing houses and CCPs, like KDPW_CCP, a robust OTC clearing and risk management solution for post-trade, we are meeting an industry demand head on. We’re very pleased to be supporting KDPW_CCP in its efforts.”
(CG)