Ocean Partners deploys Cassini Systems’ analytics
18 January 2023 UK
Image: Golden_Sikorka/stock.adobe.com
Metals trading firm Ocean Partners has completed the deployment of Cassini Systems’ technology to support margin management for its derivatives trading activity.
Cassini indicates that its platform will help Ocean Partners to manage and conduct initial margin (IM) and variation margin (VM) analysis, enabling the metals trader to optimise funds used for margin on its derivatives transactions globally.
According to pre- and post-trade margin and collateral analytics provider Cassini Systems, capital market firms that are trading derivatives are impacted by the increasing cost of carry, liquidity risk and regulatory demands.
Therefore, the firm has created the front-to-back solution where trading portfolios, collateral and operational data are combined with risk and optimisation models to minimise the collateral impact on portfolios and enable transparency on the all-in costs of trading.
Deanna Pittore, vice president at Ocean Partners, says: “Cassini has provided us with an innovative offering that will enhance our ability to make trading decisions through new insights into the total cost of a potential trade, from the pre-trade stage through to full trade close-out.
“These analytics, along with a portfolio margin optimisation module, will enable us to manage, optimise and reduce IM and VM and our overall cost of derivatives trading.”
Samuel Hyman, Cassini’s head of Americas, adds: “We are excited to work with Ocean Partners on meeting the firm’s needs by supplying them with margin analytics that gives their traders a valuable new tool.
“As increasing regulation and market volatility continue to reshape the derivatives landscape, including significant spikes in margin requirements, Ocean Partners now have the tools and foreknowledge to optimise margin requirements in today’s ever-changing markets.”
Cassini indicates that its platform will help Ocean Partners to manage and conduct initial margin (IM) and variation margin (VM) analysis, enabling the metals trader to optimise funds used for margin on its derivatives transactions globally.
According to pre- and post-trade margin and collateral analytics provider Cassini Systems, capital market firms that are trading derivatives are impacted by the increasing cost of carry, liquidity risk and regulatory demands.
Therefore, the firm has created the front-to-back solution where trading portfolios, collateral and operational data are combined with risk and optimisation models to minimise the collateral impact on portfolios and enable transparency on the all-in costs of trading.
Deanna Pittore, vice president at Ocean Partners, says: “Cassini has provided us with an innovative offering that will enhance our ability to make trading decisions through new insights into the total cost of a potential trade, from the pre-trade stage through to full trade close-out.
“These analytics, along with a portfolio margin optimisation module, will enable us to manage, optimise and reduce IM and VM and our overall cost of derivatives trading.”
Samuel Hyman, Cassini’s head of Americas, adds: “We are excited to work with Ocean Partners on meeting the firm’s needs by supplying them with margin analytics that gives their traders a valuable new tool.
“As increasing regulation and market volatility continue to reshape the derivatives landscape, including significant spikes in margin requirements, Ocean Partners now have the tools and foreknowledge to optimise margin requirements in today’s ever-changing markets.”
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