Brussels
15 June 2017
Reporter: Stephanie Palmer

Euroclear embarks on fintech partnership for automated asset allocation


Euroclear has partnered up with UK-based financial technology company Quantessence, to provide an automated platform for running asset allocation algorithms.

Quantessence’s open-architecture platform manages predefined asset allocation algorithms.

The first application through the new partnership will service individualised constant proportion portfolio insurance (iCPPI) products, providing a risk management strategy that runs pre-agreed algorithms, protecting the capital in a fund portfolio.

According to Euroclear, the pairing meets demand for lower capital costs and improved robustness and trust in a growing market of automated processing.

Jo Van de Velde, global head of product management and innovation at Euroclear, said: “Today, we already automate the selection and movement of over €1 trillion of fixed-income securities and equities for collateral management purposes through our tri-party platform.”

“With Euroclear Quantessence, we will extend our scope of automated selection and movement to the funds industry. It is part of our innovation strategy to explore and develop new opportunities and technologies and to bring together financial market infrastructure solutions that truly add value to market players.’’

Peter De Clercq, CEO of Quantessence, added: ‘’Quantessence is proud to join forces with Euroclear, a company with a proven track record and solid reputation of providing a robust and resilient market infrastructure.”

“As a neutral, multi-party, state-of-the-art platform, Euroclear Quantessence intends to provide market access to all participants and to add real value to the iCPPI market.’’

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
META launches new platform for software providers
19 January 2018 | London | Reporter: Jenna Lomax
META Finance is designed to help financial institutions and software providers face the challenges brought by fintech and regulations, such as General Data Protection Regulation
S&P reaffirms OCC’s AA+ rating
19 January 2018 | Chicago | Reporter: Jenna Lomax
S&P has reaffirmed OCC’s financial strength rating of “AA+/stable”
National Settlement Depository implements API
19 January 2018 | Moscow | Reporter: Jenna Lomax
The National Settlement Depository has applied the application programming interface to its online banking services
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
AxiomSL hires new EMEA head
18 January 2018 | London | Reporter: Jenna Lomax
Ward will be responsible for developing strategic global relationships
MetLife selects HSBC for custody services
18 January 2018 | Hong Kong | Reporter: Becky Butcher
HSBC Securities Services has been selected as custodian for MetLife across three key markets in Asia
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
More news