NEW YORK, April 14, 2011 /PRNewswire/ -- Kinetix Trading Solutions Inc, a niche technology solutions provider to capital markets firms, announced today that it has signed an agreement to provide custom technology solutions and services for CME Group. Based on this agreement, Kinetix will provide technology components from their Trade Manager Suite and services to CME Group for its OTC clearing business. As a first engagement, Kinetix has built a web interface that provides access to CME Clearing margin scenario evaluators. This interface was rolled out successfully as part of CME Clearing's CDS and IRS product launch.
Mahesh Panjwani, Executive Director and Chief Operating Officer at Kinetix, adds "Kinetix is excited to engage a global leader like CME Group and be part of strategic and innovative OTC Clearing solutions."
Kinetix Trading Solutions Inc. (www.kinetixtt.com) provides technology services for brokers/dealers, hedge funds, investment management firms and service providers. A niche player in the Fixed Income Cash and OTC space, Kinetix's component-based platform and bespoke solutions provide Cross Product Trade Capture and Processing, Client Clearing, Risk Aggregation and Straight Through Processing to leading ISVs and CCPs. Kinetix Trade Management OTC Gateway has built in connectivity and is certified for straight through processing and clearing of OTC trades on CME Clearport.
SOURCE Kinetix Trading Solutions Inc.