NEW YORK, September 19, 2017 –
Hanweck, a leading provider of real-time risk analytics on global derivatives markets, today announced plans to build out its margin analytics product offering. Industry veteran Andrew Brenner has joined the firm as Head of Clearing Products and Strategy and will lead the commercialization of Hanweck’s derivatives clearing-related products.
Gerald A. Hanweck Jr., PhD, Founder and CEO of Hanweck, said, “Hanweck is uniquely positioned to offer derivatives clearing firms a suite of products targeted toward real-time risk management, margin attribution and collateral optimization. With our proven capabilities in delivering real-time OCC STANS margin calculations, real-time OCC TIMS margin, as well as futures exchange clearing methodologies, we are able to provide significant value to derivatives clearing firms and are eager for Andy Brenner to lead our efforts in bringing this new product line to market.”
Commenting on his new role, Mr. Brenner added, “In today’s market environment, a real-time view into margin requirements is a competitive differentiator that enables clearing firms to use their capital more efficiently. I am excited to join the Hanweck team and draw upon their deep quantitative and technological expertise to develop a product line that offers these benefits to clearing firms and their customers.”
Prior to joining Hanweck, Mr. Brenner has served in leadership roles with extensive options, clearing, and product development experience, including President and Chief Strategy Officer of Lightspeed Trading and Senior Advisor to APEX Clearing. He also launched the stock exchange for the International Securities Exchange and served as its Chief Executive. Mr. Brenner is a graduate of Northwestern University.