Buy-Side Technology Awards 2013: Best Overall Buy-Side Product for 2013—LCH.Clearnet
This year, LCH.Clearnet joins past recipients Markit (2008), Algorithmics and Fidessa (2009), Cadis (2010), SmartStream (2011), and Advise Technologies (2012), in the winners’ circle of the most prestigious product category of the awards, thanks to its SwapClear Margin Approximation Risk Tool (Smart), which, earlier in the day, won the best risk/portfolio analytics, and best risk management initiative over the last 12 months categories.
In terms of awards, this year has been a successful one for LCH.Clearnet, born in 2003 through the merger of the London Clearing House and Paris-based Clearnet: Its three wins in this year’s BST Awards come on the back of its success in the best sell-side market risk product category at this year’s inaugural Sell-Side Technology Awards held in New York on April 23. However, given the challenges facing both buy-side and sell-side firms when it comes to calculating their initial margin requirements—the percentage of the total market value of a security paid for in cash by an investor—it’s not hard to see why. After all, Smart is designed specifically to eliminate the guesswork in this respect, by providing users with what amounts to “what-if” functionality to calculate how their initial margin requirements will be affected by simulated trades on an individual or portfolio-wide basis. This helps users extrapolate reliable, repeatable and transparent initial margin calculations, allowing them to simulate portfolio risk exposure in real time. Crucially, Smart is available via three delivery mechanisms: on users’ desktops, through code-library integration with clients’ applications, and via the Bloomberg Professional Service, flexibility that both buy-side and sell-side firms now expect from their service providers.
LCH.Clearnet Reaction:
“We’re delighted to win three awards for the Smart tool, which reflect the recognition and support we are receiving from the buy-side community. As industry leader, LCH.Clearnet remains committed to enhancing efficiency and transparency across the clearing workflow, which is so important for participants at this time of unprecedented industry change.”
—Daniel Maguire, head of SwapClear US, managing director, LCH.Clearnet
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs