When complete, the Renaissance Initiative will streamline our operational framework, enhance our risk tools and establish a more robust data management system to better serve our market participants. As we have communicated previously, we also intend to expand our use of cloud technology to support our new platform implementation, subject to regulatory review.
In the third quarter of 2022, we plan to release our technical specifications as well as layouts and sample data. We also plan to release a new functionality for our What-If Margining simulation, offering an API-based approach to submitting a portfolio of positions before the launch of our new platform. And, throughout the second quarter of 2023 and into the first quarter of 2024, numerous opportunities for testing will be made available to ensure preparedness for go-live.
Read more about the highlights of OCC’s technology transformation, and the benefits to our members, market participants and colleagues below:
All dates are subject to change.