Charles River Development has partnered with Cassini Systems to automate the calculation of margin estimates.
The business partnership will also provide advanced pre- and post-trade analytics in the Charles River Investment Management Solution for OTC and exchange-traded derivatives.
Emerging regulations and clearing rules mandate that investment firms post IM when trading cleared and non-cleared OTC derivatives, futures, and options on futures.
“We focus solely on providing analytics that integrate trading, risk, margin, collateral and carry costs to buy-side firms,” said Liam Huxley, founder of Cassini Systems. “The ability to obtain pre-trade and end-of-day margin estimates directly from the Charles River IMS improves trading decisions by providing an accurate and consistent view of margin impact and lifetime trade costs across the trade lifecycle.”
Cassini Systems, a financial technology company with offices in New York and London, delivers an analytics platform for OTC trading combining risk, limits, fees, margin and collateral.
The company provides pre-trade IM estimates in real time for exchange-traded, cleared OTC, and non-cleared OTC derivatives and enables what-if analysis to help firms gauge the impact of IM on their portfolios, trades, and legal agreements.
For cleared derivatives, firms can also determine the lowest cost Central Counterparties (CCP) and Futures Clearing Merchants (FCM) to clear through. For non-cleared derivatives, Cassini estimates IM impact on portfolios by applying ISDA Standard Initial Margin Model (SIMM). Cassini also provides end-of-day margin estimates for OTC and exchange traded derivatives.
“We have been working with leading providers of collateral management services to complete our middle office solution,” said Peter Lambertus, CEO, Charles River. “The alliance with Cassini Systems is an important step forward to help our clients automate collateral management functions including margin calculations and determine the most efficient use of margin.”
Earlier this year, Charles River Development partnered with Broadridge Financial Solutions to help its clients reduce risk and improve productivity. The company said the partnership with Broadridge will enable better integration with the SWIFT network in the Charles River Investment Management Solution (Charles River IMS). Institutional, wealth, asset owner and alternative investment firms use the Charles River IMS to manage more than $25trn in assets.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
