Prediction Markets and the Next Phase of Risk Transfer

Published: Jun 2026
Magnus Almqvist, CEO of Exberry, examines the rapid rise of prediction markets and the infrastructure, regulatory frameworks, and market integrity standards required to support their growth at institutional scale.

How NSE Clearing Delivered India’s T+1 Settlement Transition

Published: May 2026
Rana Usman, Chief Operations Officer of NSE Clearing Ltd., explains how NSE Clearing managed India’s transition to T+1 settlement.

Understanding Margin Model Performance: A Factor-Based Approach to CCP Backtesting

Published: May 2026
Rama Kumanduri, Managing Director, and Shahrzad Karimi, Director, at The OCC explain how a new factor-based, forward-looking approach to CCP backtesting helps identify the true drivers of margin model failures.

How Trade Credit Could Deepen Settlement Liquidity

Published: May 2026
Tomaž Fleischman, Principal Scientist & Co-Founder, and Ethan Buchman, CEO and Co-Founder, of Cycles Protocol SA, outline a new way to free up trapped liquidity by safely netting obligations across different clearing systems.

Rethinking Risk for the Portfolios CCPs Actually Clear

Published: May 2026
Fernando Cerezetti, Chief Risk Officer, ClearToken CCP Limited, looks at why traditional VaR may be missing risks in today’s more complex CCP portfolios and how a different approach could help spot them sooner.

NSE Clearings’ research on use of deep generative models for risk management of options contracts

Published: May 2026
Rohit Barve, Deputy Manager, Dr. Aniket Bhanu, Vice President, and Rejaul Barbhuyan, Chief Manager, Risk and Data, NSE Clearing Ltd., outline the findings of their WFEClear research paper on option price scenario generation using risk neutral distributions and generative modelling.
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