4sight and Pirum build upon partnership
17 December 2015 London
Image: Shutterstock
Technology providers 4sight and Pirum have created a new interface between their securities lending platforms.
The latest joint-venture allowing users of 4sight’s securities lending product to integrate with Pirum’s real time post-trade automation services.
The interface is an expansion on the existing 4sight-Pirum modules, which already provides connectivity to Pirum’s contract and billing compare services.
The interface is used to process various parts of the securities finance post-trade lifecycle in real time, including bilateral and triparty collateral management and for connectivity to central clearing counterparties, according to 4sight.
Martin Seagroatt, 4sight’s marketing director, said: “The enhanced connectivity between 4sight securities finance and Pirum’s real time service is a major step forward in increasing the automation and straight through processing we offer to our shared clients.”
“As regulatory cost pressures continue to impact the securities finance industry, reducing manual effort and operational risk through the use of technology is becoming a key way for market participants to maintain profitability.”
Mark Schilling, global head of sales at Pirum, added: “While our clients are continually challenged with a combination of regulatory hurdles and pressure to reduce operational overhead and risk, they’re increasingly looking for automated real time solutions to facilitate these processes.”
“Working with 4sight to create a standardised interface between ourselves allows our mutual clients to access the benefits of our real time services while reducing the burden on their own IT resources.”
The latest joint-venture allowing users of 4sight’s securities lending product to integrate with Pirum’s real time post-trade automation services.
The interface is an expansion on the existing 4sight-Pirum modules, which already provides connectivity to Pirum’s contract and billing compare services.
The interface is used to process various parts of the securities finance post-trade lifecycle in real time, including bilateral and triparty collateral management and for connectivity to central clearing counterparties, according to 4sight.
Martin Seagroatt, 4sight’s marketing director, said: “The enhanced connectivity between 4sight securities finance and Pirum’s real time service is a major step forward in increasing the automation and straight through processing we offer to our shared clients.”
“As regulatory cost pressures continue to impact the securities finance industry, reducing manual effort and operational risk through the use of technology is becoming a key way for market participants to maintain profitability.”
Mark Schilling, global head of sales at Pirum, added: “While our clients are continually challenged with a combination of regulatory hurdles and pressure to reduce operational overhead and risk, they’re increasingly looking for automated real time solutions to facilitate these processes.”
“Working with 4sight to create a standardised interface between ourselves allows our mutual clients to access the benefits of our real time services while reducing the burden on their own IT resources.”
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