MJ Hudson RiskMonitor® selected as a new risk computation engine for SLIB RMS®
MJ Hudson, the London-listed end-to-end solutions provider to the asset management industry, and SLIB, the software editor for the post-trade sector, jointly owned by BNP Paribas and Natixis, today announce their partnership to provide improved governance and transparency on risk exposures and enable greater efficiency within the brokerage market.
Sell-side participants face growing risk management challenges as a result of market fragmentation and higher volatility. This new partnership will offer a multi-asset Monte Carlo VaR (Value at Risk) risk engine better aligned with industry central counterparty (CCP) trends towards VaR based, rather than legacy SPAN margin algorithms.
MJ Hudson’s RiskMonitor® Monte Carlo VaR calculations will be integrated within SLIB’s RMS solution via Application Programming Interface (API) software. This enhanced solution will strengthen counterparty risk exposure monitoring, across asset classes and trading venues.
“We are delighted to have been selected by SLIB as its risk engine and see great synergies for this initiative”, said Max Hilton, head of Quantitative Solutions at MJ Hudson. “Within our business we see an increasing drive towards multi-asset portfolios, with VaR representing the critical market risk calculation. SLIB is already proving to be an excellent partner to our business, and I am excited at the prospect of what we can achieve together.”
“This is definitely a decisive step forward in our credit risk strategy of bringing together an industry-leading risk engine, with our RMS platform, which is amongst the leaders in the European clearing industry”, said Philippe Cognet, CEO, SLIB. “With best-in-class risk algorithms and API technology, MJ Hudson represents an ideal partner to bring this innovative and much needed solution to market.”
Senior Adviser, IR and Marketing Solutions
Tel: +44 (0) 7796 547 454
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Anne Job De Lescazes
Head of Risk Product, SLIB
Tel: +33 4 72 36 77 75
Product marketing director, SLIB
Tel: +33 6 27 56 65 06
ABOUT MJ HUDSON QUANTITATIVE SOLUTIONS
MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the asset management industry, specialising in private markets and alternative investments. The firm helps fund managers and investors run more smoothly and perform at their best, through an integrated suite of advisory, outsourcing and analytical services, supported by a range of sophisticated digital tools.
MJ Hudson’s team of more than 300 lawyers, fund accountants, ESG consultants, developers and other professionals, serves more than 1,000 clients, across the globe, including some of the industry’s largest players.
MJ Hudson Quantitative Solutions (formerly Clarus Risk) was formed in 2011 to provide independent, first-class fintech solutions for the investment fiduciary marketplace. MJ Hudson Quantitative Solutions’ award-winning risk analytics and reporting technology generates fully customisable risk and regulatory risk reporting solutions via a managed service, SaaS or via API integration partnerships. Clarus Risk was acquired by MJ Hudson in June 2021 and became MJ Hudson Quantitative Solutions. In August 2022 MJ Hudson Quantitative Solutions established a Barcelona office, led by Max Hilton (co-founder of Clarus Risk), to facilitate further expansion.
Founded in 2010, by CEO Matthew Hudson (a private markets lawyer and former fund manager), MJ Hudson was admitted to the AIM market of the London Stock Exchange in 2019.
SLIB is the leading software vendor in register management & electronic voting, risk and post-trade markets. SLIB, which is a BNP Paribas and Natixis subsidiary, supports the evolution of the securities market in France and abroad. It achieves this by envisioning and releasing innovative software solutions enabling financial institution to streamline their processes, while mastering the risks associated to their activities. SLIB is also Votaccess Operator, the cornerstone of Electronic Voting for Paris Stock Exchange issuers and Account Keepers, delivering General Meetings notifications and collecting Digital Votes. Furthermore, as innovation is of paramount importance and to underpin any new software initiative SLIB relies on The LAB aiming to be SLIB spearhead in cutting edge technologies such as Blockchain and AI.