28 November 2017
New York
Reporter: Drew Nicol

NEX boasts major client growth for collateral management service

NEX Optimisation has secured more than 100 clients for its collateral management service, triResolve Margin.

According to NEX, triResolve Margin serves a broad range of sell-side and buy-side firms, including dealers, regional banks, asset servicers, fund managers, insurance companies and corporates.

Clients include Groupe La Francaise, Schroder & Co Bank AG, FHLBank Topeka, Leonteq and Deutsche Telekom.

The web-based collateral management service, which launched in June 2016, leverages its triResolve portfolio reconciliation service to offer greater transparency and automation to the margin call process.

In a statement on the recent client growth, NEX said: “As global margin regulations continue to reshape the derivatives markets, companies have come to understand more clearly the benefits of adopting triResolve Margin to solve their operational challenges, moving from manual to more efficient processes.”

Raf Pritchard, CEO of triResolve, said: We are seeing an acceleration of client adoption as the impact of the new margin rules is felt. The wide range of companies using triResolve Margin is testament to how versatile the service is and how it appeals to all types of institutions.”

“It is an easy, accessible, low cost solution to achieve compliance, focus on risk rather than process, and manage resources efficiently.”

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