Copper launches triparty collateral management solution for OTC derivatives
30 October 2024 UK
Image: Lila_Patel/stock.adobe.com
Copper has launched a triparty collateral management solution for over-the-counter (OTC) derivatives, in partnership with Centaur Markets, DVChain International’s product desk.
This solution aims to utilise Copper’s expertise in secure custody and streamlined collateral workflows to support the expansion of clients’ OTC derivatives trading via Centaur Markets.
Anestis Arampatzis, trader at DV Chain International’s Centaur Markets desk, says: “We are excited to partner with Copper on this innovative triparty solution, which redefines risk management and collateral security, driving greater efficiency and stability in the derivatives market.”
Building on the success of ClearLoop, this new triparty solution will enable counterparties to secure collateral and liquidity providers to hedge their positions without moving assets outside the Copper ecosystem.
It will also allow collateral management using more than 550 digital assets to meet a variety of trading needs.
Ross Budgen, client solutions director at Copper, adds: “DV Chain International has been a longstanding client and partner. Together, we are bringing a cutting-edge solution to the market, which empowers their counterparties to access bespoke derivatives structures in a way which prioritises risk management and efficiency.”
Triparty collateral management solution services are only available in approved jurisdictions, subject to local regulation.
This solution aims to utilise Copper’s expertise in secure custody and streamlined collateral workflows to support the expansion of clients’ OTC derivatives trading via Centaur Markets.
Anestis Arampatzis, trader at DV Chain International’s Centaur Markets desk, says: “We are excited to partner with Copper on this innovative triparty solution, which redefines risk management and collateral security, driving greater efficiency and stability in the derivatives market.”
Building on the success of ClearLoop, this new triparty solution will enable counterparties to secure collateral and liquidity providers to hedge their positions without moving assets outside the Copper ecosystem.
It will also allow collateral management using more than 550 digital assets to meet a variety of trading needs.
Ross Budgen, client solutions director at Copper, adds: “DV Chain International has been a longstanding client and partner. Together, we are bringing a cutting-edge solution to the market, which empowers their counterparties to access bespoke derivatives structures in a way which prioritises risk management and efficiency.”
Triparty collateral management solution services are only available in approved jurisdictions, subject to local regulation.
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