ISDA SIMM® Licensed Vendors

[Last Updated on July 11th, 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.

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

Jean Edwards Consulting

KIS Pricing, Inc.

Korea Asset Pricing Co.*

MIT (ITS Corporation)

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

Siman Systems Ltd.*

SS&C Technologies, Inc.

Taliesin LLC

TAS Spa (Newsoft Srl)

The Clearing Corporation of India Ltd. (CCIL)

TriOptima AB

Vector Risk

Vermeg

xQuant Technology Company, Ltd.

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 2.7+2412.

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