Moscow Interbank Currency Exchange (Micex) has signed a
licence agreement with Chicago Mercantile Exchange to use its
proprietary standard portfolio analysis of risk (SPAN)
Micex has been upgrading its risk management infrastructure
for the derivatives market. The exhange's president Alexander
Potyomkin told FO Week that the modernised system
would become operational early next year and comprise SPAN as
an integral part, which is "indispensable due to its
functionality and flexibility".
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