TMX Technology Solutions to provide NetOTC with a suite of technology products and services

November 21, 2013 (TORONTO) – TMX Group today announced that Razor Risk Technologies Limited, a subsidiary of TMX Group under the TMX Technology Solutions brand, has entered into license and services agreements with NetOTC, a London-based multilateral netting and risk mitigation platform for managing non-standardized OTC derivative transactions.

TMX Technology Solutions has proven software and solutions for risk management, trading, clearing and surveillance needs. These technology assets provide mission-critical software in conjunction with consulting services to virtually every segment of the financial services industry. Under the terms of these agreements, TMX Technology Solutions will provide NetOTC with a range of software products, anchored by Razor Risk™, its enterprise risk management software, as well as integration and consulting services.

“Following a thorough search across the global industry, we were pleased to find a partner that could meet our unique vision. TMX Technology Solutions’ breadth of software solutions and integration capabilities positions us to deliver the NetOTC strategy,” said Bob Wigley, Chairman of NetOTC.

“We are very pleased that NetOTC has chosen us as their lead technology partner to help enable them to radically change the way global market participants handle risk management,” said Brenda Hoffman, Chief Information Officer, Group Head of Information Technology, TMX Group. “This agreement allows TMX Technology Solutions to leverage a number of our industry leading software products and services and we are excited about working with NetOTC.”

“Having worked with the TMX Technology Solutions team over several months, we have been very impressed with their overall offering, their commitment to the NetOTC venture and significant expertise as a major infrastructure operator,” said Neeraj Sharma, NetOTC CEO. “We look forward to delivering the platform together.”

Related Posts

Previous Post
Corporate cash starting to go to tri-party
Next Post
The Fed’s Tarullo: ideas for making SFTs safer

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account