Caution was the mantra for most securities firms as global markets are still roiling in reaction to China’s economic woes and the sudden devaluation of its currency. As for the impact on post-trade operations, the crashing and soaring volumes are straining firms that rely too heavily on staff and manual systems for processing, especially as… Read More >>
SimCorp Dimension Upgrade Widens Views Across Ops
Investment management systems and services vendor SimCorp has updated its enterprise solution SimCorp Dimension, release 5.8, and is including new support for the back office, a performance analysis manager, tighter integration with MSCI’s RiskMetrics and the introduction of a manager for investment book of record (IBOR) models, officials say. The back office module will allow… Read More >>
New Securities Lending Regime Spurs Rejection & Acceptance
Securities lending is changing, as new regulatory pressures cause firms to reevaluate whether the activity — formerly a safe, easy way to make a few basis points — is still worth the trouble, according to a new report from securities finance and asset servicing consultancy Finadium, based in Concord, Mass. Interestingly, asset managers are responding… Read More >>
Lombard Risk Spotlights Colline Wins
London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.” Specifically, Lombard Risk notes that… Read More >>
DTCC Integrates Omgeo’s ProtoColl with MTU
Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say. The integration will let Omgeo ProtoColl clients gain a view “of all transactions… Read More >>
Swiss Firm Deploys Collateral Management Solution
European wealth and asset manager Banque Pictet & Cie SA has gone live with capital markets software vendor Calypso Technology’s collateral management solution, officials say. Banque Pictet will use Calypso’s platform to “consolidate all collateral activities across its many businesses on a single platform,” according to the vendor. The platform is a “standalone, centralized collateral… Read More >>
SmartStream Acquires Collateral Solution from IBM
SmartStream Technologies, which characterizes itself as a financial transaction lifecycle management solutions provider, reports that it has acquired “assets related to software, sales and support of IBM’s Algorithmics collateral solution,” officials say. SmartStream officials add that its move is “a strategic deal to enhance SmartStream’s existing suite of solutions” for the end-to-end post trade lifecycle…. Read More >>
Q&A: Settling Margin Calls Without ‘A Single Human Touch’
Broadridge Financial Solutions is bolstering its CollateralPro solution via a new partnership with AcadiaSoft, a provider of the MarginSphere margin call confirmation technology for collateral management. Jerry Friedhoff, managing director of securities financing and collateral management at Broadridge, took time out of his schedule to answer FTF News’ questions about the agreement that integrates MarginSphere… Read More >>
Fund Recs Partners with CloudMargin
Cloud-based reconciliation software provider Fund Recs has partnered with cloud-based collateral management software provider CloudMargin to offer a cloud-based collateral management and portfolio reconciliation platform, officials say. Fund Recs will add its operational control and key collateral dispute resolution tool of portfolio reconciliations — a requirement under the European Market Infrastructure Regulation (EMIR) – into… Read More >>
Genpact, Lombard Risk Target Collateral Management Woes
Genpact, a specialist in business processes, operations and technology, and Lombard Risk Management, a collateral management services vendor, are joining forces to help firms optimize increasingly expensive collateral management operations, officials say. A new collaboration between the two will integrate Genpact’s Collateral Agreement and Reference Data Services (CARDS) and Lombard Risk’s COLLINE collateral, clearing, inventory… Read More >>
