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Article: Brazil's CBLC Brings Mark-to-Future to the Masses.
- Article from:
- Banking Wire
- Article date:
- May 5, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CBLC has installed three new versions of Algorithmics's Algo Market since it first chose the product in 2001 to reduce market risk. But its fourth upgrade this spring to Suite 4.4, is proving to be the big enchilada, the one that will forever change the way the Sao Paulo-based clearinghouse operates.
The key factor is that Suite 4.4 provides the Sao Paulo-based clearinghouse, Companhia Brasileira de Liquidacao e Custodia, with mark- to-future technology-a risk/reward management framework-to perform margin and limit calculations for market and settlement risks in real- time for the 80,000 trades it processes daily. CBLC clears equity and derivatives trades for ...