Meff creates risk tool

Meff, the Spanish derivatives exchange, has developed a software tool that enables users to calculate risk that takes into consideration the worst scenario resulting from a customer or account’s open position plus the combination of live orders, reports RiskNews’ sister publication Dealing With Technology .

The application insures that every time there is a significant change in an underlying price, theoretical prices for all related contracts are calculated. Those prices are used to get the profit and loss, value and the risk parameters. Member firms can then determine limits on the maximum levels of risk that a customer can take on.

The exchange also announced a FIX gateway, FIX MeffGate. The previous proprietary MeffGate protocol will be supported until the end of this year.

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