Poland's newly established clearinghouse KDPW_CCP says it will be using technology from Nasdaq OMX to clear futures and derivatives trades.

Launched in July 2011, the KDPW_CCP wants to meet global standards to centrally clear swaps even though Poland is not part of the G-20 group. NASDAQ OMX's Sentinel Risk Manager provides real-time risk management for listed derivatives and swaps.

KDPW_CCP was previously part of KDPW, Poland's central securities depository. At the time it was created, KDPW_CCP said it would install a state of the art risk management system based on globally recognized methodology called SPAN.

"It was important to select a solution that easily integrates with KDPW's legacy CCP infrastructure and provides connectivity and information required by our clearing members," says Iwona Sroka, president and chief executive officer of KDPW_CCP. "Nasdaq's OMX Sentinel solution meets those requirements by providing trade lifecycle and risk information required by KDPW and its members to clear OTC trades."

NASDAQ OMX's Sentinel Risk Manager is part of its multi-asset clearing suite for over-the-counter and listed derivatives. It provides real-time risk management enabling clearinghouses to protect themselves and their members while offering cross-margining benefits. Also installed at Nasdaq OMX's Nordic clearinghouse and IDCG in the US, Sentinel Risk Manager is fully compliant with regulations on both sides of the Atlantic calling for central clearing of many swap trades. 

Written by Chris Kentouris, Editor-in chief (Chris can be contacted through Chris.Kentouris@hotmail.com)

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