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 >>
Multiple Systems & Processes Complicate Data Consolidation: Q&A
(Matthew Bergerman, the director of product management at DTCC Data Services, oversees the development of data solutions for the equity, fixed income and reference data markets. An industry veteran with more than 20 years of experience in the financial information industry, Bergerman joined the DTCC in 2015 after leading market data and reference data efforts… Read More >>
High Margin Call Volumes Spur Operational Overhaul: Q&A
(Last year, the industry responded strongly to TriOptima’s counterparty exposure management service triResolve Margin when it became clear that regulatory changes would drive up margin call volumes, explains David White, the London-based head of sales for triResolve at TriOptima. In fact, triResolve Margin was voted Best Collateral Management Solution via the FTF News Technology Innovation… Read More >>
Finastra to Sell CMC Business Unit to Teranet
Teranet’s CM Solutions Will Acquire the Shares of CMS London-based financial software vendor Finastra, formed in 2017 by the combination of Misys and D+H, reports that it has entered into a definitive agreement to sell its Canadian-based Collateral Management Corp. (CMS) business to Teranet. Teranet’s affiliated entity CM Solutions Inc. will acquire the issued and… Read More >>
DTCC Bolsters Support for SFTR Reporting via Partnerships
Financial services firms are gearing up for the reporting requirements of the Securities Financing Transaction Regulation (SFTR), and the DTCC is partnering with EquiLend, Trax, IHS Markit and Pirum to improve its global trade reporting capabilities before the SFTR rules take effect by the end of next year. Even though SFTR originated with the European… Read More >>
