[Last Updated on December 5th, 2025]
Any party which offers commercial services based on the ISDA Standard Initial Margin Model (ISDA SIMM®) (e.g. SIMM calculation, IM optimization, backtesting, etc.) is required to enter into a licensing agreement with ISDA. Please contact isdalegal@isda.org for more information on licensing the ISDA SIMM®.
The following vendors are licensed to offer services based on the ISDA SIMM®:
Acadiasoft, Inc.*
ActiveViam
Adroit Trading Technologies, LLC
Arcesium LLC
Ares International Corp.
Avaloq Group AG
Bachelier (Hong Kong) Information Technology Co., Ltd.
BlackRock Financial Management, Inc.
Bloomberg Finance L.P.*
Capitolis, Inc.
Cassini Systems Limited*
Cecabank, S.A.
Chicago Mercantile Exchange Inc.
ChinaBond Pricing Center Co., Ltd.*
Clarus Financial Technology Ltd.
Coremont LLP
CRZ Pricing SAS
Cumulus9 Limited*
Everix
Ferential Systems, Inc.
Finalyse Group SA
Finastra Global Limited*
FinMechanics Pte. Ltd.
FIS Systems International LLC*
Goldman Sachs
Hangzhou Era Yintong Software Co., Ltd.
HazelTree Fund Services, Inc.
ICE Data Services
Initial Margin Limited
ITS Corporation*
Jean Edwards Consulting
KIS Pricing, Inc.
Korea Asset Pricing Co.*
Murex S.A.S.*
Nasdaq Calypso*
NICE P&I Inc.
Numerix LLC
OMNI Risks Management
OpenGamma Ltd.*
OpenLink Financial LLC / Ion Group
OptiMargin
Quantile Technologies Limited
Quaternion Risk Management Ltd.
Qvious, Inc.
RiskX Corp.
S&P Global (IHS Markit)*
SAS
Shanghai Clearing House*
Shanghai Kingstar Software Technology Co., Ltd.
Shanghai Novatouch Information Technology Co., Ltd
Shenzhen Sunline Tech Co., Ltd.*
Siman Systems Ltd.
SS&C Technologies, Inc.
Taliesin LLC
TAS Spa (Newsoft Srl)
The Clearing Corporation of India Ltd. (CCIL)
TriOptima AB*
Value and Risk Services Lux S.à.r.l
Vector Risk
Vermeg
xQuant Technology Company, Ltd.
ZeroBeta, Inc.
For additional information on the SIMM related services offered by the above parties and their contact information, please see the document attached below.
*These vendors have certified to ISDA that their SIMM calculator has passed the Unit Tests issued by ISDA for SIMM 2.8+2506.
Documents (1) for ISDA SIMM® Licensed Vendors
Latest
ISDA In Review – December 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in December 2025.
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