ION Markets, a worldwide supplier of buying and selling, evaluation and danger administration options for capital markets, has acquired Clarus Monetary Know-how, a supplier of study, information and analysis software program as a service (SaaS ) for international derivatives markets.
As a part of ION Markets, Clarus will supply its SaaS evaluation merchandise for the real-time administration of the margins and dangers of cleared and non-cleared OTC derivatives.
In line with Clarus, it will increase ION’s XTP providing and complement ION’s JANUS pricing and valuation experience with an preliminary margin for over-the-counter (OTC) derivatives, in addition to additional evaluation of ION. portfolio danger administration.
Moreover, Clarus’ performance allows firms to adjust to new regulation of Unmatched Margin (UMR) guidelines for OTC derivatives.
Clarus information ensures transparency in derivatives buying and selling, masking exchanges, clearing homes, execution venues and commerce repositories.
This information is utilized by each consumers and sellers, brokers, service suppliers and regulators to research, inform, monitor and act on traded markets.
Hishaam Caramanli, Product Supervisor, ION Group, stated: “The acquisition of Clarus expands ION Markets’ providing inside its XTP platform, additional automating and simplifying the post-trade derivatives enterprise.
Caramanli continues: “This strategic growth demonstrates ION Markets’ management place as a supplier of capital markets administration options and our continued deal with digitizing and automating workflows. ”
Amir Khwaja, CEO of Clarus, feedback: “OTC derivatives are a market with regulatory winds conducive to vary and SaaS analytics and information are vital to success. “
“As a member of ION Markets, Clarus will be capable of benefit from this development, maximizing the flexibility to serve purchasers whereas offering complementary companies to XTP, JANUS and different ION Group choices. ION, ”Khwaja stated.