OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today the launch of its Speculative Position Limits Monitoring functionality for compliance with U.S. Commodity Futures Trading Commission (CFTC) regulations resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act. OpenLink's CFTC Speculative Position Limits Monitoring is a key part of our suite of Dodd-Frank compliance solutions.
Key benefits of the OpenLink Speculative Limits Monitoring functionality include:
Phil Wang, OpenLink SVP of Product Management, said, "Our CFTC Speculative Limits Monitoring compliance solution leverages our industry leading market and technology expertise. We continue to deliver high-value compliance solutions that provide our clients with immediate benefits, requiring minimal IT investment, and a maintenance-friendly solution that can readily adapt to future changes."
The CFTC Speculative Position Limits framework existed pre-Dodd-Frank and is intended to protect futures markets from excessive speculation via the use of limits on aggregated positions. In response to the Dodd-Frank Act, OTC trades are now included in these aggregated positions. Limits will go into effect sixty days after the term "swap" is further defined under the Dodd-Frank Act.
Kevin Hesselbirg, CEO of OpenLink, said, "OpenLink is dedicated to addressing requirements the Dodd-Frank regulatory regime imposes on the financial, commodity and energy markets by developing technology solutions to assist market participants with compliance."
The Dodd-Frank Wall Street Reform and Consumer Protection Act makes significant changes to regulations governing the U.S. over-the-counter (OTC) derivatives market, with the goals of improving transparency, reducing systemic default risk and promoting market integrity. Learn more about the CFTC's Speculative Limits.
About OpenLink
Founded in 1992, OpenLink provides decision support software solutions for transaction lifecycle management. This software encompasses financial and physical cross-asset trading, risk management, related operations processing and portfolio management for commodity, energy and financial services markets and industries globally.
OpenLink's client base of more than 540 clients worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions, and 11 of the largest central banks, as well as major hedge funds, commodities companies, and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, Dallas, Tulsa, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow, Toronto, and Dubai, OpenLink has more than 1,300 employees worldwide.
To learn more about OpenLink's solutions visit http://www.OpenLink.com.
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