CCPs show support for daily stress margin tools
Anti-procyclicality measure floated by HKEX official sparks interest from rivals including Nasdaq
Senior clearing officials are lending their support to new liquidity funding tools that could provide users with daily updates on the likely margin impact stemming from stress events and help them prepare for margin calls.
Speaking on a panel at the World Federation of Exchanges conference in Madrid today (March 20), Tao Chen, group head of quantitative risk management at Hong Kong Exchanges and Clearing (HKEX), floated the idea of daily simulations as a prudent anti-procyclicality measure
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