Through the partnership between NEX Optimisation and NEX Markets, Pivot connects the ENSO Core platform with the NEX Treasury.
According to Nex, the new solution will help buy-side institutions act on cash insights identified within ENSO Core on a pre-trade basis, which will enable clients to make decisions to optimise their counterparty transactions in one place.
Pivot will allow hedge funds to execute cash payments through the portal for margin management, manage third party relationships, and invest excess cash in money market funds.
The new fintech tool provides a straight-through processing connection via the SWIFT network, for single or multiple cash transfers.
Justin Meadows, CEO of NEX Treasury, said: “In partnership with NEX Optimisation we have now extended this tried and tested capability to provide clients with a secure, reliable and convenient way to automate the substantial cash collateral management workload many of them face every day.”
Jenny Knott, CEO of NEX Optimisation, said: “Pivot is an integral part of our objective to streamline increasingly complex processes for our clients.”