Commerzbank has signed a global deal for International Financial Systems’ Web-enabled risk management system, MarginMan, for collateralised trading. The rollout will begin in Europe for the Frankfurt and London offices, followed by New York, Singapore, Tokyo, Paris, Hamburg and Dusseldorf.
MarginMan is a suite of Web-enabled risk management software applications consisting of specialised collateral-based trading modules. The software determines and values collateral, monitors the risk inherent in the client’s open positions, relates the value of collateral to the size of perceived risk and automatically issues alerts if the collateral/risk ratio drops below pre-defined limits.
Other customers include Deutsche Bank, Credit Lyonnais, ABN Amro Bank, Royal Bank of Canada and Donaldson, Lufkin & Jenrette. In June, Intel Corp and Deutsche Bank acquired a joint stake of 14% in IFS.