Vermiculus Real-Time Risk Management System Live on MIAX Futures
Vermiculus Financial Technology deployed a real-time risk management suite for MIAX Futures (NYSE: MIAX) on Nov. 20, 2025, integrating with the exchange's VeriClear-based clearing platform.
The modular, cloud-based microservices provide real-time collateral valuation, collateral reconciliation, continuous risk monitoring, stress testing, portfolio and contract backtesting, parallel risk-model support, and the ability to re-run historical risk runs. The rollout used agile phases with new functionality released to production every two months while the legacy system remained as a reference before decommissioning.
Vermiculus Financial Technology ha implementato una s suite di gestione del rischio in tempo reale per MIAX Futures (NYSE: MIAX) il 20 novembre 2025, integrandosi con la piattaforma di clearing basata su VeriClear dell'exchange.
I microservizi modulari basati su cloud offrono valutazione in tempo reale del collaterale, riconciliazione del collaterale, monitoraggio continuo del rischio, stress test, backtesting del portafoglio e dei contratti, supporto a modelli di rischio paralleli e la possibilità di rieseguire scenari di rischio storici. La diffusione è avvenuta in fasi Agile, con nuove funzionalità rilasciate in produzione ogni due mesi, mentre il sistema legacy rimaneva come riferimento prima della dismissione.
Vermiculus Financial Technology desplegó una s suite de gestión de riesgos en tiempo real para MIAX Futures (NYSE: MIAX) el 20 de noviembre de 2025, integrándose con la plataforma de compensación basada en VeriClear del intercambio.
Los microservicios modulares basados en la nube proporcionan valoración en tiempo real de la garantía, conciliación de garantías, monitoreo continuo del riesgo, pruebas de estrés, backtesting de la cartera y de los contratos, soporte para modelos de riesgo en paralelo y la capacidad de volver a ejecutar escenarios de riesgo históricos. El despliegue se realizó en fases ágiles con nuevas funcionalidades puestas en producción cada dos meses, mientras que el sistema heredado se mantuvo como referencia antes de su desmantelamiento.
버미쿨루스 파이낸셜 테크놀로지은 실시간 위험 관리 소프트웨어를 MIAX Futures (NYSE: MIAX)용으로 배포했으며 거래소의 VeriClear 기반 청산 플랫폼과 통합했습니다.
모듈식의 클라우드 기반 마이크로서비스는 실시간 담보 평가, 담보 조정, 지속적인 위험 모니터링, 스트레스 테스트, 포트폴리오 및 계약의 백테스팅, 병렬 위험 모델 지원, 그리고 과거 위험 실행을 재실행할 수 있는 기능을 제공합니다. 이 롤아웃은 새로운 기능을 매 두 달마다 프로덕션에 릴리스하는 애자일 방식의 단계로 수행되었고, 기존 시스템은 폐기 전 참조 용으로 남아 있었습니다.
Vermiculus Financial Technology a déployé une suite de gestion des risques en temps réel pour MIAX Futures (NYSE: MIAX) le 20 novembre 2025, en l’intégrant à la plateforme de compensation basée sur VeriClear de l’échange.
Les microservices modulaires basés sur le cloud offrent une évaluation en temps réel de la garantie, la réconciliation des garanties, une surveillance continue du risque, des tests de résistance, du backtesting du portefeuille et des contrats, le support de modèles de risque parallèles et la possibilité de relancer des scénarios de risque historiques. Le déploiement s’est effectué en phases agiles avec de nouvelles fonctionnalités mises en production tous les deux mois, tandis que le système hérité est resté comme référence avant sa mise hors service.
Vermiculus Financial Technology hat eine Risikomanagement-Lösung in Echtzeit für MIAX Futures (NYSE: MIAX) am 20. November 2025 eingeführt und sie in die auf VeriClear basierende Clearing-Plattform der Börse integriert.
Die modulare, Cloud-basierte Microservices liefern eine Echtzeit-Bewertung des Kollaterals, Kollateralabgleich, kontinuierliche Risikokontrolle, Stresstests, Backtesting von Portfolio und Kontrakten, parallele Risikomodell-Unterstützung und die Möglichkeit, historische Risikoruns erneut durchzuführen. Der Rollout erfolgte in agilen Phasen, wobei alle zwei Monate neue Funktionen in die Produktion überführt wurden, während das Alt-System als Referenz vor der Stilllegung bestehen blieb.
فيرميكولس فاينانشال تكنولوجي نفذت مجموعة إدارة مخاطر في الوقت الفعلي لـ MIAX Futures (NYSE: MIAX) في 20 نوفمبر 2025، مع التكامل مع منصة المقاصة القائمة على VeriClear للتبادل.
توفر الخدمات المصغرة المعيارية القابلة للنشر في السحابة تقييم الضمان في الوقت الفعلي، مطابقة الضمانات، مراقبة المخاطر المستمرة، اختبارات الإجهاد، باكتيستينغ للمحفظة والعقود، دعم نماذج المخاطر المتوازية، وإمكانية إعادة تشغيل سيناريوهات المخاطر التاريخية. استخدم الإصدار في مراحل مرنة مع إصدار وظائف جديدة إلى الإنتاج كل شهرين، بينما ظلت الأنظمة القديمة كمصدر مرجعي قبل إيقافها.
- None.
- None.
Insights
Vermiculus deployed a cloud-based, real-time risk suite for MIAX Futures with phased releases and full decommission of the legacy system on
The VeriClear risk microservices provide real-time collateral valuation, collateral reconciliation, portfolio and contract backtesting, stress tests, and live monitoring integrated into MIAX Futures clearing services. The system runs in the cloud, processes high data volumes, supports multiple risk models and parallel parameter sets, and can re-run prior-day risk calculations.
The delivery used agile methods with a phased rollout, releasing new functionality to production every two months while the legacy system remained as a reference until full decommissioning; this reduced implementation shock for clearing members. Key dependencies include successful integration with clearing workflows, timely adoption by clearing members, and ongoing validation of risk models and parameter sets.
Watch for operational signals over the next quarters: continued phased releases on the stated two-month cadence, evidence of clearing-member adoption and operational stability, and regulatory acceptance of the flexible reference-data approach. Expect near-term milestones tied to subsequent feature releases and full retirement confirmation of the legacy system within coming deployment cycles.
MIAX Futures has expanded its VeriClear™-based clearing system by integrating a fully-fledged risk solution with real-time monitoring from Vermiculus.
The new suite of risk microservices from VeriClear delivers key features including collateral management with real-time collateral valuation, collateral reconciliation, real-time risk monitoring, various stress tests, and portfolio and contract backtesting.
"Our cloud-based VeriClear product has resulted in this feature-rich risk system free from legacy complexity that integrates seamlessly into MIAX Futures clearing services. VeriClear is modular, efficient, and optimized to meet the demands of any market, equipping MIAX Futures with the tools to thrive in an evolving landscape," commented Taraneh Derayati, CEO of Vermiculus Financial Technology.
The project was executed using agile methodology with a phased roll-out, releasing new functionality to production every two months. During the transition, MIAX Futures Exchange's previous system remained as a reference before being fully decommissioned.
"By delivering new functionality continuously in a live environment, we ensured each release was carefully tested and secured," said project manager Andreas Hultqvist.
"This approach also allowed clearing members to adapt gradually, without being overwhelmed by too many new features all at once," he concluded.
"By integrating new risk microservices with our clearing system, we are not only streamlining operations but also making it easier to manage existing products and supporting the launch of new products on MIAX Futures," said Douglas M. Schafer Jr., Executive Vice President and Chief Information Officer at MIAX. "We truly value the close and transparent collaboration with Vermiculus and its cross-functional teams, whose technical and business expertise has been instrumental in the launch of the new system."
Other characteristics of the new system include the efficient processing of large volumes of data to meet client expectations, the ability to re-run risk processes for past days and adaptability to evolving regulatory changes, thanks to the flexible reference data structure, support for multiple risk models and the capacity to run multiple risk parameter settings in parallel. It also simplifies the clearing house's risk management processes through real-time monitoring of risk, price changes and trading activity, detailed breakdown of risk calculation results as well as various types of alerts.
About Vermiculus Financial Technology
Vermiculus Financial Technology AB provides cutting-edge trading, clearing, and CSD solutions to market participants around the world. Vermiculus' solutions are the first to bring state-of-the-art advances in dynamic microservice architecture together with vast experience in clearing house, exchange, and CSD business requirements.
The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses, and CSDs. With its headquarters in
For further information, please contact:
Amelie Hedenstierna - PR & Communications
Vermiculus Financial Technology
Tel +46-(0)73 622 24 54
amelie.hedenstierna@vermiculus.se
This information was brought to you by Cision http://news.cision.com.
The following files are available for download:
|
Douglas M. Schafer Jr., Executive Vice President and Chief Information Officer at MIH |
|
|
https://news.cision.com/vermiculusft/i/taraneh-derayati-vermiculus,c3489476 |
Taraneh Derayati Vermiculus |
View original content:https://www.prnewswire.com/news-releases/vermiculus-real-time-risk-management-system-live-on-miax-futures-302621730.html
SOURCE VermiculusFT
FAQ
What did Vermiculus announce for MIAX Futures on November 20, 2025?
How often were new features released during the MIAX Futures rollout?
Which real-time capabilities does the new MIAX (MIAX) risk system provide?
Will MIAX Futures' legacy clearing system remain active after the Vermiculus launch?
How does the new risk suite support backtesting and historical analysis for MIAX (MIAX)?
What benefits does MIAX expect from integrating Vermiculus' VeriClear microservices?
