Broadridge, Oslo Børs, SmartStream and more …

Technology solutions provider Broadridge and Lombard Risk Management have formed an alliance to address changing industry needs in collateral management.

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Broadridge and Lombard Risk join for collateral management

Technology solutions provider Broadridge and Lombard Risk Management have formed an alliance to address changing industry needs in collateral management.  

New derivatives rules requiring trades to be cleared through a central counterparty, coupled with tighter capital requirements for banks, have led to a re-think of how to use collateral efficiently.  

Broadridge and Lombard hope the partnership will lead to collateral management offerings that will help tackle the problem.

“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,” John Wisbey, founder and CEO of Lombard Risk, said.

“We are delighted that our firm and technology have been chosen by Broadridge to power their collateral management platform.” 

Oslo Børs ASA live on Baymarkets’ OTC derivative platform

Oslo Børs has upgraded its OTC derivatives multilateral trading facility (MTF) and price discovery system to Baymarkets’ latest version of Edge. 

The upgraded Oslo Børs ‘s system, Oslo Connect, supports equity derivatives trading with a more modern graphical user interface and future-proofed functionality enabling the MTF to introduce additional products to the supported product set. 

Jesper von Zweigbergk, head of derivatives at Oslo Børs said: “We are looking forward to continuing to provide our customers with a state-of-the-art marketplace both technically and functionally”.

SmartStream appoints head of German operations

SmartStream Technologies has named Marcus von Rahden to head its Frankfurt office, following demand for its back-office processing solutions and data management services.

von Rahden, who has more than 20 years experience in financial services, will be acting director and will be responsible for all operations in the region.

Prior to joining SmartStream von Rahden worked at Moody's Analytics and looked after their regulatory compliance solutions to address Solvency II and Basel III. Previous to this he worked for several financial software vendor organisations.

Luxembourg's BCEE live on Charles River IMS for multi-asset portfolio management

Luxembourg's BCEE Asset Management is now live on solution provider Charles River’s investment management solution (IMS) for automated portfolio management and compliance across equity, fixed income and foreign exchange.

Charles River IMS is aimed at improving decision-making and productivity for portfolio managers by combining analysis and construction activity in a common view and platform.

"Charles River has eliminated our portfolio managers' reliance on outdated front-office technology and reduced the use of spread sheets," Claude Hirtzig, conducting officer, BCEE-AM, said.  "We now can make better investment decisions and more easily adhere to all company and regulatory mandates by automatically monitoring every step of the trade process." 

Charles River has also unveiled an integrated investment book of record (IBOR) solution, which integrates real-time positions, corporate actions and reconciliation from back-office systems, fund administrators and custodians with front-office activities. This is aimed at improving timeliness and integrity of data for portfolio managers and traders.

"Institutional and wealth managers alike are looking for greater accuracy and transparency throughout the trading day," Tom Driscoll, Global Managing Director, Charles River, said.

Charles River's IBOR is a multi-asset, multi-currency solution that combines trade and non-trade transactions for accurate management of current/historical positions and tax lots.