CloudMargin bring Nasdaq Clearing on board collateral platform
13 March 2017 London
Image: Shutterstock
CloudMargin has secured Nasdaq Clearing as a user of its web-based collateral and margin management solution.
According to CloudMargin, the relationship “will significantly enhance and streamline Nasdaq Clearing’s collateral-related communications, including issuance of the most up-to-date eligibility schedules, reports, messages and instructions”.
Lee McCormack, head of strategy at CloudMargin, said: “We believe this type of interoperability will set a standard for the industry going forward. CloudMargin’s unique ability to offer a consolidated view and management of collateral needs is increasingly important as the volumes of margin movements rocket for both cleared and uncleared trades.”
“Nasdaq is doing a great service to its market users by facilitating this capability, with benefits for sell-side and buy-side institutions and clearing firms alike.”
Fredrik Ekström, Nasdaq’s head of Nordic fixed income and European clearing, said: “Innovative and capital-efficient solutions are at the heart of what we do at Nasdaq Clearing. CloudMargin’s effective and seamless web-based solution enables our clients to manage margin collateral across clearinghouses and bilateral counterparts.”
“Nasdaq Clearing believes that distribution of risk is a key factor in protecting the financial sector from systemic risks. The CloudMargin offering supports such infrastructure in an efficient way.”
According to CloudMargin, the relationship “will significantly enhance and streamline Nasdaq Clearing’s collateral-related communications, including issuance of the most up-to-date eligibility schedules, reports, messages and instructions”.
Lee McCormack, head of strategy at CloudMargin, said: “We believe this type of interoperability will set a standard for the industry going forward. CloudMargin’s unique ability to offer a consolidated view and management of collateral needs is increasingly important as the volumes of margin movements rocket for both cleared and uncleared trades.”
“Nasdaq is doing a great service to its market users by facilitating this capability, with benefits for sell-side and buy-side institutions and clearing firms alike.”
Fredrik Ekström, Nasdaq’s head of Nordic fixed income and European clearing, said: “Innovative and capital-efficient solutions are at the heart of what we do at Nasdaq Clearing. CloudMargin’s effective and seamless web-based solution enables our clients to manage margin collateral across clearinghouses and bilateral counterparts.”
“Nasdaq Clearing believes that distribution of risk is a key factor in protecting the financial sector from systemic risks. The CloudMargin offering supports such infrastructure in an efficient way.”
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