CUMULUS9
Margin calculation and risk analytics software for exchange-traded derivatives market participants
Highlights
- New on EvolcAdded 2026-10-30
About CUMULUS9
Cumulus9 builds margin calculation and risk analytics software for exchange-traded derivatives. The platform computes margin with 20+ native methodologies, including SPAN, SPAN 2, PRISMA, TIMS and ISDA SIMM, through a single API, and covers exchange-traded derivatives, equities, fixed income, FX and crypto.
Modules include historical VaR with Expected Shortfall, user-defined stress testing, real-time VM and IM monitoring, a Parameter Monitor for exchange margin parameter releases, and a Limits Manager. The users are risk, treasury and liquidity, operations and compliance teams at derivatives market participants.
The company was founded in 2021 and is headquartered in London. Its founder and managing director, Giuseppe Fiocco, previously worked as a market risk analyst at ICE Clear Europe. The platform received the FOW International Awards Risk Management Solution of the Year in 2023 and 2025.
Product: Margin calculation, VaR and stress testing, live VM and IM monitoring and limits management on one calculation pipeline, exposed via API.
Jobs at CUMULUS9
Leadership
- Giuseppe Fiocco · Founder & Managing DirectorSource: company website
- James Crow · Chief Technology OfficerSource: company website
- Rafik Mrabet · Managing DirectorSource: company website
- Richard Buchanan · Head of Sales · North AmericaSource: company website
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Website technologies
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- AWS
- Next.js
- React
- Tailwind CSS
- Vercel