BNY Mellon has partnered with Algorithmics to enhance its DM Edge service.
The new platform, part of BNY Mellon's Derivatives 360 suite, allows for the automation of the margin call and collaterization process, as well as with the management of operational risk and reporting.
"Given the growth and complexity of the derivatives collateral management process, it is imperative we provide clients with a clear, real-time window into reviewing and approving their collateral agreements, margin calls and settlements. Our new portal, DM Edge Connect, does that and more," says Scott Linden, managing director and product manager for DM Edge at BNY Mellon. "In addition, with our new capabilities, we are well-positioned to accommodate the requirements that will emerge in a centrally cleared environment, as well as the changes resulting from global regulatory reforms."
More from Buy Side Technology
Updating your subscription status
Winners Announced: Buy-Side Technology Awards 2013
We have truly entered the Age of Bring Your Own Device, or BYOD. And as with every new era fuelled by innovation, the new challenges are screaming for...
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...