The Truth About FCM Concentration

If you are in the derivatives industry, you’ve probably heard that the clearing broker market is overly concentrated. The theory goes something like this: Many FCMs, particularly for swaps, have shut down their business (think Deutsche, Nomura, RBS, State Street, etc) This leads to a lack of choice The usual consequences of such (remaining firms […]

Microservices: A SIMM Sensitivities Calculator

The Clarus API has a function to compute SIMM sensitivities from many trade description formats, including FpML and CSV trade lists. Results are in ISDA SIMM™ CRIF file format. The function is easily called from popular languages, e.g. Python, R, Julia, C++, and Java. Many related functions are available, see our API documentation. Calling directly […]