Vermiculus Real-Time Risk Management System Live on MIAX Futures

Rhea-AI Summary

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.

MIAX Futures has expanded its VeriClear™-based clearing system by integrating a fully-fledged risk solution with real-time monitoring from Vermiculus.

STOCKHOLM, Nov. 20, 2025 /PRNewswire/ -- Vermiculus Financial Technology, a leading technology provider of trading, clearing, and CSD technology, announced the deployment of a new risk management system for the MIAX Futures Exchange (MIAX Futures™) a wholly owned subsidiary of Miami International Holdings, Inc. (MIAX®) (NYSE: MIAX).

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 Stockholm, Sweden, Vermiculus consists of hand-picked teams, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world's largest exchanges, clearing houses, and CSDs.

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.

https://news.cision.com/vermiculusft/r/vermiculus-real-time-risk-management-system-live-on-miax-futures,c4270201

The following files are available for download:

https://news.cision.com/vermiculusft/i/douglas-m--schafer-jr--executive-vice-president-and-chief-information-officer-at-mih,c3489468	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

 

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SOURCE VermiculusFT

FAQ

What did Vermiculus announce for MIAX Futures on November 20, 2025?

Vermiculus announced a live deployment of a VeriClear-based real-time risk management system for MIAX Futures, including collateral valuation and risk monitoring.

How often were new features released during the MIAX Futures rollout?

New functionality was released to production every two months during an agile, phased rollout.

Which real-time capabilities does the new MIAX (MIAX) risk system provide?

The system provides real-time collateral valuation, collateral reconciliation, continuous risk monitoring, alerts, and price/trading-activity tracking.

Will MIAX Futures' legacy clearing system remain active after the Vermiculus launch?

The legacy system remained as a reference during transition and was fully decommissioned after the phased rollout completed.

How does the new risk suite support backtesting and historical analysis for MIAX (MIAX)?

The platform supports portfolio and contract backtesting and can re-run risk processes for past days to reproduce historical results.

What benefits does MIAX expect from integrating Vermiculus' VeriClear microservices?

MIAX expects streamlined clearing operations, easier product management and launch support, and scalable processing of large data volumes with flexible risk models.