Lombard Risk and Broadridge on the same side
13 March 2014 London
Image: Shutterstock
Lombard Risk Management and Broadridge Financial Solutions have formed a global alliance to address changing industry needs in the collateral management sector.
Collateral management, regulatory compliance and reporting solutions provider Lombard Risk and Broadridge, which provides technology for financial firms and corporate issuers, will work on combining their collateral management offerings to address global issues.
“In recent years, several factors such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral have prompted firms to rethink their approach to collateral management,” said a joint statement.
“In response to these changing market dynamics, this strategic partnership will lead to the creation of powerful Broadridge integrated collateral management offerings, combining Lombard Risk’s best-in-breed technology with Broadridge’s industry-leading applications and infrastructure.”
John Wisbey, founder and CEO of Lombard Risk, said that he is “delighted” to be teaming up with Broadridge.
“Through our COLLINE collateral, clearing, repo and optimisation technology we have achieved a market-leading position, with significant amounts of collateral being handled through our platform and several Tier 1 banks on our client list,” he said.
“We are delighted that our firm and technology have been chosen by Broadridge to power their collateral management platform. Our alliance will extend the use of Lombard Risk’s technology and our joint expertise within key markets and segments, particularly in the important North American market.”
Lombard introduced a collateral optimisation module for its COLLINE solution in November last year.
The module incorporates real-time algorithmic calculation of optimal inventory utilisation and collateral allocations with the aim of improving liquidity by optimising use of all available assets across all business lines; reducing the cost of collateral programmes by calculating ‘cheapest to deliver’/’most expensive to hold’; matching client investment strategies; and bringing the providers and consumers of collateral together using a single technology platform.
The design is intended for use as both a front-office and back-office tool, for firm-wide and cross-product inventory consolidation and optimisation, and as an integral operational tool to identify the best asset to use in response to a margin event.
On the partnership with Lombard Risk, Michael Hopkins, president of securities processing solutions for fixed income and Risk at Broadridge, commented: “Collateral management is a natural extension of Broadridge’s product portfolio.”
“We process more than $5 trillion of fixed income and equity trades on average per day and have a significant inventory of data already residing on our platforms.”
“By partnering with Lombard Risk, we will deliver collateral management solutions that will provide capital markets and investment management firms with greater control over the changing market framework and create true strategic and economic value.”
Collateral management, regulatory compliance and reporting solutions provider Lombard Risk and Broadridge, which provides technology for financial firms and corporate issuers, will work on combining their collateral management offerings to address global issues.
“In recent years, several factors such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral have prompted firms to rethink their approach to collateral management,” said a joint statement.
“In response to these changing market dynamics, this strategic partnership will lead to the creation of powerful Broadridge integrated collateral management offerings, combining Lombard Risk’s best-in-breed technology with Broadridge’s industry-leading applications and infrastructure.”
John Wisbey, founder and CEO of Lombard Risk, said that he is “delighted” to be teaming up with Broadridge.
“Through our COLLINE collateral, clearing, repo and optimisation technology we have achieved a market-leading position, with significant amounts of collateral being handled through our platform and several Tier 1 banks on our client list,” he said.
“We are delighted that our firm and technology have been chosen by Broadridge to power their collateral management platform. Our alliance will extend the use of Lombard Risk’s technology and our joint expertise within key markets and segments, particularly in the important North American market.”
Lombard introduced a collateral optimisation module for its COLLINE solution in November last year.
The module incorporates real-time algorithmic calculation of optimal inventory utilisation and collateral allocations with the aim of improving liquidity by optimising use of all available assets across all business lines; reducing the cost of collateral programmes by calculating ‘cheapest to deliver’/’most expensive to hold’; matching client investment strategies; and bringing the providers and consumers of collateral together using a single technology platform.
The design is intended for use as both a front-office and back-office tool, for firm-wide and cross-product inventory consolidation and optimisation, and as an integral operational tool to identify the best asset to use in response to a margin event.
On the partnership with Lombard Risk, Michael Hopkins, president of securities processing solutions for fixed income and Risk at Broadridge, commented: “Collateral management is a natural extension of Broadridge’s product portfolio.”
“We process more than $5 trillion of fixed income and equity trades on average per day and have a significant inventory of data already residing on our platforms.”
“By partnering with Lombard Risk, we will deliver collateral management solutions that will provide capital markets and investment management firms with greater control over the changing market framework and create true strategic and economic value.”
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