13 March 2017
London
Reporter: Drew Nicol
CloudMargin adds Nasdaq Clearing to 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 Securities Lending Times
Join Our Newsletter

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

Subscribe now
Delta Capita acquires Appendium
27 April 2017 | London | Reporter: Mark Dugdale
Business and technology consultancy Delta Capita has acquired Appendium as it gears up to launch a securities finance utility later this year
Squawker launches equity finance platform
27 April 2017 | London | Reporter: Mark Dugdale
The new platform provides a central hub for European equity finance participants to bring the execution of their equity hedge trades on-exchange. Squawker said six investment banks are participating
Borrowers becoming increasingly picky
26 April 2017 | London | Reporter: Drew Nicol
Risk-weighted asset ratings under Basel III are dictating the attractiveness of lenders’ assets, heard attendees of the Finadium Investors in Securities Lending Conference in London
Tesla may finally break its shorting cycle
26 April 2017 | London | Reporter: Drew Nicol
Short sellers have been consistently closing positions, reducing their exposure to Tesla by some 16 percent, since 20 March
State Street taps Sporn for enhanced custody team
26 April 2017 | New York | Reporter: Drew Nicol
Sporn brings 15 years of securities lending experience to State Street’s enhanced custody team
New faces on DTCC board of directors
25 April 2017 | New York | Reporter: Stephanie Palmer
DTCC has appointed four new members to its board of directors
NEX Group pairs ENSO and RSRCHX for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive