Baymarkets AS is an independent company that develops clearing software for the financial markets, with offices in Oslo and Stockholm. The company has been in operation since 2007 and specializes in offering Clara clearing software for central counterparties. The Clara system is designed to handle a range of financial products, including both cash and derivatives within various asset classes such as commodities, shares, interest and credit products.
The company offers a feature-rich risk module and collateral handling, as well as support for multi-asset and multi-collateral. Baymarkets complies with international standards such as IOSCO and PFMI principles, and delivers real-time clearing and stress testing. In addition, they have developed a flexible account model and a standard membership model, which makes it easier for customers to adapt to different needs. Baymarkets collaborates with Abaxx Commodity Exchange and Clearinghouse, and has a strong focus on innovation and continuous updates within the industry.