London
13 March 2017
Reporter: Drew Nicol
CloudMargin bring Nasdaq Clearing on board collateral platform
CloudMargin has secured Nasdaq Clearing as a user of its web-based collateral and margin management solution.

According to CloudMargin, the relationship “will significantly enhance and streamline Nasdaq Clearing’s collateral-related communications, including issuance of the most up-to-date eligibility schedules, reports, messages and instructions”.

Lee McCormack, head of strategy at CloudMargin, said: “We believe this type of interoperability will set a standard for the industry going forward. CloudMargin’s unique ability to offer a consolidated view and management of collateral needs is increasingly important as the volumes of margin movements rocket for both cleared and uncleared trades.”

“Nasdaq is doing a great service to its market users by facilitating this capability, with benefits for sell-side and buy-side institutions and clearing firms alike.”

Fredrik Ekström, Nasdaq’s head of Nordic fixed income and European clearing, said: “Innovative and capital-efficient solutions are at the heart of what we do at Nasdaq Clearing. CloudMargin’s effective and seamless web-based solution enables our clients to manage margin collateral across clearinghouses and bilateral counterparts.”

“Nasdaq Clearing believes that distribution of risk is a key factor in protecting the financial sector from systemic risks. The CloudMargin offering supports such infrastructure in an efficient way.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Custody not a commodity
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
Viewing custody and clearing as a commoditised industry could be putting pressure on pricing and threatening the industry, according to speakers at The Network Forum
BNY Mellon and Australian financial service provider One Investment Group are joining forces to offer global custody services to Australian fund managers, trustees and responsible entities
70 percent say cyber crime will lead to financial crisis
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
The next financial crisis is ‘highly likely’ to be caused by cyber crime, and the only way to manage this is for the industry to come together, according to a panel session at The Network Forum in Warsaw
J.P. Morgan recruits new head of global custody
28 June 2017 | London | Reporter: Mark Dugdale
Hughes has joined the bank from Deutsche Bank, where he was head of strategic execution for global securities services
R3 completes prototype for ECP issuance
27 June 2017 | London | Reporter: Stephanie Palmer
R3 and four of its member banks have collaborated to build a solution for issuing Euro Commercial Paper on a distributed ledger technology platform
€50 billion mandate win for Caceis
27 June 2017 | Rome | Reporter: Stephanie Palmer
Caceis has been selected to provide custody, depository, fund administration and transfer agency services for Amundi SGR, the Italian subsidiary of the Amundi Group
EFAMA elects Nott as new president
26 June 2017 | London | Reporter: Stephanie Palmer
The European Fund and Asset Management Association has elected William Nott of M&G Securities to serve a two-year terms as president
More news