TMX Insights Enhances Razor Risk™ to Meet New Market Risk Standards
July 15, 2016 (TORONTO) – TMX Insights today announced that Razor Risk™, its risk management solution, meets the new minimum capital requirements for market risk standards finalized by the Basel Committee on Banking Supervision in January 2016.
Razor Risk offers financial institutions the ability to calculate and manage market risk capital and performance across desks, business lines and "top of house".
Building on Razor Risk's existing high performance solutions, the first key enhancement provides "front-to-back" analytics where firms can calculate the minimum market risk capital requirements using the expected shortfall based internal model approach or the standardized approach.
The second key enhancement utilizes TMX Analytics' real-time and historical database platform integrated with Razor Risk for identifying non-modellable risk factors and appropriate liquidity horizons to calculate the capital add-on.
For more information, please visit www.tmxinfoservices.com/razor-risk/frtb.
About Razor Risk
TMX Insights' Razor Risk is a high performance, enterprise-wide, integrated real-time risk management solution that provides global financial institutions with effective risk measurement and control for improved profitability and efficiency ratios. TMX Insights recognizes that to proactively measure and manage risk it is necessary to manage the total exposure of a financial institution across of all of its global activities. TMX Insights' products, including Razor Risk, have been created to help transform the way banks, brokers, central counterparties and stock exchanges in many countries measure their risk and manage their capital.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
For more information please contact:
Catherine Kee
Manager, Corporate Communications
TMX Group
416-814-8834
catherine.kee@tmx.com