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 >>
4sight Hires Former Merrill Lynch MD
4sight Financial Software, a provider of software and consultancy services to the securities finance and collateral management markets, reports that it has hired Raymond Blokland as a senior consultant. Prior to joining 4sight, Blokland, with more than 20 years of financial markets experience, was a managing director at Bank of America Merrill Lynch. Previously, he… Read More >>
Getting Ready for SIBOS Fall 2014
The annual SIBOS conference of the SWIFT financial messaging and services cooperative, at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2, will feature debates, keynote addresses, panel discussions and special interest sessions targeting many issues of concern to financial services firms engaged in post-trade securities operations. There will be chances to… Read More >>
Survey: Risk Management Becoming More Strategic
Once viewed as a burdensome regulatory obligation, risk management is increasingly seen as a strategic core competency, according to a global survey of 200 risk managers carried out by SunGard and the Professional Risk Managers’ International Association (PRMIA). Key findings revealed: Stress testing capabilities were ranked as being lower priority than collateral consolidation and asset… Read More >>
PIMCO Envisions ‘No Fails in Collateral’
(Editor’s note: Bond giant Pacific Investment Management Company, a.k.a. PIMCO, successfully “championed the use of electronic, digitized settlement instructions for the movement of collateral,” says Cynthia Meyn, executive vice president for operations at PIMCO. Meyn lists “electronically agreeing collateral, instructing collateral and ultimately net settling collateral at the DTCC on a same-day basis,” as one… Read More >>
