Collateral management services provider AcadiaSoft Inc. is undergoing a major change at the top with the news that industry veteran Howard Edelstein, the company’s board chairman will be stepping down before the end of the year and his replacement is expected to be selected over the coming months, officials say. AcadiaSoft has begun a search… Read More >>
AcadiaSoft Offers AANA Calculation Guide
AcadiaSoft, a collateral management software and services vendor, recently compiled an online guide to help buy-side firms calculate their Average Aggregate Notional Amount (AANA), the first major step in deciding if a firm needs to comply with the looming margining requirements governing non-centrally cleared derivatives. AANA calculations are key to determining whether a firm must… Read More >>
Broadridge Acquires Rockall Technologies
Broadridge Financial Solutions has taken a major step to expand its front-to-back wealth management capabilities via the acquisition of Rockall Technologies, a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks. Rockall’s collateral management technology targets financial institutions that need to “improve the performance of wealth, retail, commercial… Read More >>
SmartStream Partners with Cassini to Ease IM Compliance
Post-trade services and systems vendor SmartStream Technologies is partnering with Cassini Systems, a margin analytics vendor serving the buy side in derivatives trading, in an effort to ease the operational burden of managing initial margin requirements for uncleared, over-the-counter (OTC) derivatives. The vendors will focus on financial institutions that are beginning the create new operational… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
Securian Trust Employs SEI’s Cloud-Based Platform
SEI Client to Focus on Automation & Integration SEI reports that Securian Trust Company, an SEI client since 2009, will adopt its wealth platform, intended to “provide a seamless experience for … clients and the advisors that serve them.” The platform, SEI says, is a “fully-integrated, single-infrastructure technology solution developed to support client relationship management,… Read More >>
AcadiaSoft Targets Phases 4 & 5 IM via New Service
AcadiaSoft Inc. is expanding its offerings for non-cleared derivatives via an initial margin (IM) monitoring service, slated for release in the second quarter, that will provide IM Phase 4 and Phase 5 firms with the ability to monitor IM exposure levels. The IM monitoring support will be offered in conjunction with AcadiaSoft’s Agreement Manager service,… Read More >>
Deutsche Bank Sends Collateral Management to the Cloud
In what appears to be a first for a Tier 1 bank, Deutsche Bank is moving its management of margin calls with counterparties to a public cloud-based service as part of an effort to cut costs and operational risk while simplifying a key process. The German banking giant will be revamping this “critical piece of… Read More >>
MTS Markets & BondCliQ Launch Liquidity Mapping Service
Two Key Players Take On Corporate Bond Liquidity MTS Markets International, part of London Stock Exchange Group (LSEG), and BondCliQ, a corporate bond market data solution vendor, are launching Liquidity Mapping for BondCliQ’s BondTiQ platform to give end-users views of pre- and post-trade information on U.S. corporate bond liquidity, officials say. The new mapping “combines… Read More >>
Brevan Howard Uses AcadiaSoft for IM Management
A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
