TriOptima and AcadiaSoft have teamed up to launch a web-based end-to-end margin processing solution.
The new service comes as the buy-side prepare to meet new regulatory requirements for margining uncleared OTC derivatives.
Named triResolve Margin, the solution will automate the margin process in a bid to move firms away from manual process.
“The new regulations will bring both an increase in operational complexity and margin call volume,” said Raf Pritchard, CEO of triResolve.
“It is critical that market participants can easily access an automated, streamlined tool like triResolve Margin to reduce fragmented and manual processing.”
The requirements for non-centrally cleared derivatives will come into force on 1 September 2016. The new rules are set to apply to OTC derivatives not subject through central clearing in line with reforms mandated from the G20 meeting in 2009.
Regulators moved to delay the deadline last year, pushing it forward nine months from the original date of 1 December 2015.