(Editor’s note: This tumultuous year is winding down but there’s every reason to think that securities operations will continue to make leaps and bounds next year especially when it comes to cutting-edge IT. Erica Borghi (née Choinski), chair of the International Securities Association for Institutional Trade Communication (ISITC), and vice president of Fintech Risk at… Read More >>
BNP Paribas Subsidiary Dives Into Tri-Party Collateral Management
BNP Paribas Securities Services has launched a tri-party collateral management service that aims to connect buy-side and sell-side firms in order to unlock liquidity pools and improve the collateralization process across a wider range of securities. The service provides exposure to segregated markets, enabling clients to access previously untapped sources of collateral. In addition, clients… Read More >>
FTF Awards Gala Q&A: Portfolio Fragmentation Will Spur More Scrutiny of Disputes
(Editor’s note: As regulatory reforms regarding collateral take hold at financial services firms, there have been challenges for firms to access enough eligible collateral to meet margining and related requirements. While the regulatory reforms are intended to lower risk and facilitate optimal execution, the situation has become much more complicated. In addition, collateral management has… Read More >>
GlobalCollateral Pact with Lombard Risk Targets Collateral Management Woes
DTCC-Euroclear Global Collateral (GlobalCollateral) and Lombard Risk, a collateral management and regulatory reporting solutions vendor are weaving together a strategic alliance intended to improve the margining support and streamline the many steps of collateral management operations. The vendors are saying that a multi-phased alliance would start with “an agreement to link GlobalCollateral’s Margin Transit Utility… Read More >>
CloudMargin Launches “FlightPlan” for Uncleared Margin Regs
CloudMargin Site Features Interactive Tools CloudMargin, a London-based vendor of web-based collateral and margin management solutions, has just launched what it says is an interactive “FlightPlan” microsite to help firms “navigate the uncleared margin rules and other regulations impacting their collateral management function,” officials say. The microsite, designed by Eight Arms, offers interactive digital tools… Read More >>
AcadiaSoft’s Consulting Services Target Non-Cleared Derivatives
AcadiaSoft Introduces New Suite of Services AcadiaSoft Inc., the Norwell, Mass.-based provider of margin automation solutions, has launched AcadiaSoft Expert Services, a suite of consultative offerings targeting securities firms complying with new regulations, officials say. The first available offering within Expert Services is AcadiaSoft’s ISDA SIMM Approval Guidance, a service that to assist firms via… Read More >>
SIX Group Picks Synechron to Lead Post-Trade Project
SIX Group Ltd., the operator of the Swiss Stock Exchange, has selected Synechron as the systems integrator for the Calypso Technology, v15 SFR (Securities Finance Renewal) Program to be used to manage contractual tri-party collateral management activities. The project, which is expected to last two years, is part of an ongoing post-trade update undertaken by… Read More >>
Pressures Building on Firms to Scale Up Ops & IT
[Editor’s note: Martin Boyd, executive director, head of institutional and wholesale strategy at FIS, took time out of his schedule to answer questions from FTF News about some of the processing and regulatory demands that are hitting home for back-office staffs at securities firms.] Q: What will the greater acceptance of the flow model process… Read More >>
Clearstream, ColleX Take On Tri-Party Collateral Management
Clearstream, in its role as an international central securities depository, has decided to work with with a collateral exchange platform provider ColleX, part of BGC Partners, in an effort to offer price discovery and best execution in order to streamline the tri-party collateral management process and improve access to a fragmented market. The agreement to… Read More >>
Acadian Signs On for SS&C GlobeOp
Citing the need for a growth strategy, Acadian Asset Management moved its long/short portfolios to fund administrator SS&C GlobeOp last year and has been using the platform’s systems for margin finance management, cash and collateral management, and tri-party reconciliation, according to officials at the firm and at SS&C Technologies. “The appointment followed a detailed search… Read More >>
