The company
Cumulus9 is reshaping risk management for exchange-traded derivatives. We use cloud technology to unlock new dimensions in margin forecasting and risk analytics, so financial market participants can anticipate how requirements move under stress — before the stress arrives.
We take the burden of managing data and complex margin methodologies away from derivatives professionals, so they can operate more effectively.
Increase the transparency of derivatives margin models and improve the ability to assess market risk — leaving market participants better prepared for stress events, and reducing systemic risk across the industry.
To be best in class globally for risk analytics on exchange-traded derivatives, creating software that simplifies and improves how market risk is assessed.
The desk
Margin and quantitative risk specialists in exchange-traded derivatives — drawn from the clearing houses, exchanges and trading firms this platform serves.
Founder & Managing Director
ICE Clear EuropeG.H. FinancialsCumulus9
Giuseppe founded Cumulus9 after years inside the margin machinery — market risk analyst at ICE Clear Europe, then Head of Market Risk and chair of the Management Risk Committee at G.H. Financials — convinced that margins and risk deserved radical transparency. He is the platform’s lead architect, and happiest deep in the code.
Managing Director
MizuhoICE Clear EuropeCumulus9
Rafik led the design and development of ICE Risk Model 2 at Intercontinental Exchange and is a listed inventor on the IRM 2 patent. Before Cumulus9 he was Head of Risk at ICE Clear Europe, one of the world’s most diverse clearing houses, with earlier years in structured credit trading and risk at Mizuho. He leads business development.
Head of Sales · North America
Bear StearnsSunGardIONCumulus9
Richard has spent over three decades in listed derivatives across Chicago and London — starting in the back office and on the risk desk, broking exchange-traded derivatives at Bear Stearns International, then two decades selling risk, margin and trading technology at SunGard, ION and the JANUS margin engine. He leads North American sales from Chicago.
General Counsel
LIFFENYSE EuronextICAPCumulus9
Geno spent 14 years at LIFFE, rising to Head of Legal and Company Secretary, then led the NYSE Euronext legal team through the successful tender to administer LIBOR and the exchange’s acquisition by ICE. He has since been General Counsel at ICAP’s recognised investment exchange and at Kaizen Reporting, and advises on business strategy alongside legal.
Chief Technology Officer
LSEG · UnaVistaCumulus9
James spent most of his career building and scaling the UnaVista platform within LSEG, most recently as its CIO — responsible for all aspects of change, testing and technology operations. Hands-on and detailed by nature, he believes the best engineering solutions come from asking the right questions.
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