Cassini Systems and AcadiaSoft to offer joint IM services
15 April 2020 New York
Image: Shutterstock
Cassini Systems, a financial provider for pre- and post-trade margin analytics provider, has joined forces with AcadiaSoft, a risk and collateral management services provider, to integrate their initial margin (IM) tools.
Through the partnership, Cassini has automated access to AcadiaSoft’s reconciliation platform, Initial Margin Exposure Manager (IMEM), aimed at creating a one-stop-shop for mutual clients’ IM requirements across cleared and bilateral over-the-counter (OTC) and exchange-traded derivatives transactions.
The partnership enables Cassini clients to use the firm’s pre-trade analytics to make key decisions on how best to execute a transaction, as well as forecast and optimise their portfolios, Cassini says.
Then, on a fully automated basis, the clients can send Cassini-generated Common Risk Interchange Format end-of-day files to IMEM for reconciliation on the AcadiaPlus platform.
Cassini Systems CEO and founder, Liam Huxley, says: “In these times of extreme market volatility and enormous margin swings, it’s particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules (UMR) but also understand and manage the true cost of every transaction, from the pre-trade stage all the way to post-trade operations.
“By providing an integrated Cassini-to-AcadiaSoft workflow, our mutual clients can benefit from front-to-back margin optimisation and operational automation.”
This time last year, Cassini Systems also partnered with SmartStream partnered for a joint IM offering.
According to SmartStream, the partnership integrated Cassini’s analytics platform to provide complete Standard Initial Margin Model (SIMM) calculations on OTC derivatives for clients in scope for phase four and five.
The final two phases of UMR were recently pushed back so that they will now be implemented in September 2021 and September 2022, respectively.
Through the partnership, Cassini has automated access to AcadiaSoft’s reconciliation platform, Initial Margin Exposure Manager (IMEM), aimed at creating a one-stop-shop for mutual clients’ IM requirements across cleared and bilateral over-the-counter (OTC) and exchange-traded derivatives transactions.
The partnership enables Cassini clients to use the firm’s pre-trade analytics to make key decisions on how best to execute a transaction, as well as forecast and optimise their portfolios, Cassini says.
Then, on a fully automated basis, the clients can send Cassini-generated Common Risk Interchange Format end-of-day files to IMEM for reconciliation on the AcadiaPlus platform.
Cassini Systems CEO and founder, Liam Huxley, says: “In these times of extreme market volatility and enormous margin swings, it’s particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules (UMR) but also understand and manage the true cost of every transaction, from the pre-trade stage all the way to post-trade operations.
“By providing an integrated Cassini-to-AcadiaSoft workflow, our mutual clients can benefit from front-to-back margin optimisation and operational automation.”
This time last year, Cassini Systems also partnered with SmartStream partnered for a joint IM offering.
According to SmartStream, the partnership integrated Cassini’s analytics platform to provide complete Standard Initial Margin Model (SIMM) calculations on OTC derivatives for clients in scope for phase four and five.
The final two phases of UMR were recently pushed back so that they will now be implemented in September 2021 and September 2022, respectively.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
