Cinnober secures patent for real-time risk assessment
Key innovation for pioneering real-time clearing solution patentedCinnober, a global independent provider of exchange and clearing technology, announce today that the U.S. Patent and Trademark Office has granted the company the patent Risk Assessment US 9,959,574 originally filed in 2011. The invention comprises real-time risk assessments in a clearing system, including the calculation of margin requirements on accounts or groups of accounts triggered by events that affect the accounts as they occur, such as new trades or changes to market data. It also comprises netting of positions