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IHS Markit is partnering with Cassini Systems, the leading
provider of pre- and post-trade margin and collateral analytics for
derivatives markets, to automate the calculation of margin
estimates within thinkFolio.
The collaboration will, for the first time, provide advanced
pre-trade analytics for over-the-counter (OTC) and exchange-traded
derivatives directly within thinkFolio, a leading multi-asset class
investment management platform.
Global regulatory updates such as EMIR and Dodd-Frank have
resulted in a meaningful shift for front-office operations at
investment management firms. They, along with Uncleared Margin
Rules (UMR), call for investment firms to post Initial Margin (IM)
when trading cleared and non-centrally cleared derivatives. Going
forward, portfolio managers using thinkFolio can calculate and
choose the most cost-effective option while dealers are able to
view the overall cost, as well as any risk, when executing
trades.
"Although regulatory authorities have recently moved to delay
the final implementation phases of UMR in consideration of the
challenges posed by COVID-19, our partnership with Cassini Systems
to deliver an integrated solution to ensure transparency of margin
and collateral costs can provide value to all of our users," said
Brett Schechterman, Managing Director and Global Head of thinkFolio
at IHS Markit. "Through the newly integrated, powerful Cassini tool
kit and consolidated workflow, thinkFolio clients can now meet
their regulatory requirements and leverage enhanced decision
support analytics to measure, monitor and optimize pre- and
post-trade margin and collateral utilization."
Liam Huxley, CEO and founder of Cassini, said: "We are delighted
to bring this partnership to fruition, making our solution
available as a fully embedded offering within the thinkFolio
platform. As we have already completed the integration, thinkFolio
users can easily choose to switch it on and leverage the
functionality entirely within their existing workflow. This
alliance grew out of strong interest from within the thinkFolio
client base and represents the latest opportunity for Cassini to
further broaden our reach and demonstrate our platform's appeal to
the largest asset managers in the world."
Posted 23 July 2020 by Brett Schechterman, Managing Director, Global Head of Business for thinkFolio, IHS Markit
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
