Cassini closes financing round for margin analytics platform expansion
09 December 2021 UK
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Cassini Systems has completed a growth financing round reaching US$20.5 million, led by fintech investor Ten Coves Capital and venture capital firm Mosaik Partners.
As a provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Cassini will use the funds to further consolidate its product development and global market expansion via its derivatives margin analytical platform.
Cassini’s fully-integrated platform provides front-to-back margin and cost analysis throughout the trade lifecycle, from pre-trade to intra-day to post-trade.
This allows asset managers to evaluate and optimise both the liquidity and carry cost of their trading strategies.
Cassini notes that it is particularly important for firms to make cost reductions and improve their resilience to collateral stress in the context of regulatory changes following the 2008 financial crisis, which prompt increased margin requirements and collateral demand for investment managers trading over-the-counter derivatives, futures, options and other related products.
Liam Huxley, founder and CEO of Cassini, explains: “This financing is a crucial next step as we continue to scale our operations and add to our global client base. With this latest investment, we look forward to deepening and expanding our solutions, and continuing to deliver the world-class service our clients expect.”
Steve Piaker, managing partner at Ten Coves and newly-appointed member of Cassini’s board of directors, adds: “Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform for growth. The company operates at the intersection of three powerful trends: integrated data and analytics; liquidity and trading cost optimisation in the capital markets; and regulatory compliance.”
“Its reputation for delivering powerful tools in partnership with providers of some of the world’s leading portfolio and risk management systems positions Cassini to continue to innovate and grow,” Piaker adds.
As a provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Cassini will use the funds to further consolidate its product development and global market expansion via its derivatives margin analytical platform.
Cassini’s fully-integrated platform provides front-to-back margin and cost analysis throughout the trade lifecycle, from pre-trade to intra-day to post-trade.
This allows asset managers to evaluate and optimise both the liquidity and carry cost of their trading strategies.
Cassini notes that it is particularly important for firms to make cost reductions and improve their resilience to collateral stress in the context of regulatory changes following the 2008 financial crisis, which prompt increased margin requirements and collateral demand for investment managers trading over-the-counter derivatives, futures, options and other related products.
Liam Huxley, founder and CEO of Cassini, explains: “This financing is a crucial next step as we continue to scale our operations and add to our global client base. With this latest investment, we look forward to deepening and expanding our solutions, and continuing to deliver the world-class service our clients expect.”
Steve Piaker, managing partner at Ten Coves and newly-appointed member of Cassini’s board of directors, adds: “Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform for growth. The company operates at the intersection of three powerful trends: integrated data and analytics; liquidity and trading cost optimisation in the capital markets; and regulatory compliance.”
“Its reputation for delivering powerful tools in partnership with providers of some of the world’s leading portfolio and risk management systems positions Cassini to continue to innovate and grow,” Piaker adds.
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