The joint offering will pair the Elixium marketplace with the Lombard Risk cross-asset collateral management solution, Colline, to provide market participants with collateralised liquidity and a complete end-to-end automated repo trading and margin call management system.
According to Lombard Risk, the combined offering will provide a cohesive solution for customers to benefit from efficiencies, liquidity and best value in terms of global trading.
Their agreement also aims to solve the institutional complexity of managing product silos and multiple IT systems.
“The Elixium partnership represents an innovative way to utilise technology to achieve added liquidity within the repo market by enabling true end-to-end collateralisation, allowing firms to better sense, react, and continuously learn from their activities in the market” said Helen Nicol, global product director of collateral solutions at Lombard Risk.
Nick McCall, CEO of Elixium, added: “Market participants will further benefit from Elixium Partner’s all-to-all marketplace, by having access to new liquidity within regulated, multi-centre MTF environments.”