• inside_market_data
  • inside_reference_data
  • buy_side_technology
  • sell_side_technology
manhattan-skyline
New York-based MIK has added the treasury capabilities to its equity finance suite.

MIK Adds Treasury Functionality to Equity Finance Platform

  • Send
  • Comment
  • Send to Kindle

MIK Fund Solutions has announced the addition of advanced treasury optimization capabilities to its equity finance product suite, aimed at hedge fund and asset managers.

With the update, MIK now gives a precise appraisal of short positions and cash balances, which in turn allows for fine tuning for optimal financing and margin rates with counterparties. Also included is MIK's foreign currency hedging tool, allowing for calculations of foreign exchange (FX) exposure at the portfolio and currency level.

"We have consistently used data as a means to increase alpha," says Marshall Saffer, COO at MIK. "For equity finance this meant the ability to use data in a comprehensive and integrated way. With Treasury Optimization we now enhance this capability to leverage margin and financing rates in real time as well as FX exposure, and thereby to reduce cost. So now, the relationships with brokers are driven as much by the clients' understanding of the ‘state of play' between brokers as they are by the services each separate broker delivers."

  • Send
  • Comment
  • Send to Kindle

More from Buy Side Technology

Sign-up for WatersTechnology email newsletters

Register for regular alerts to receive up-to-date news directly into your inbox

Related Articles

Latest Media

Events

Visitor comments Add your comment

  

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions Your comment will be moderated before publication

Submit your comment

Work with us on your Integrated Marketing Campaigns

Do you have bespoke research requirements?

WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.

waterstechnology-marketing-options

Events

Training

Latest Whitepapers

waters-equinix-whitepaper-may2014

Tackling Teething Troubles: Examining the Current State of the OTC Derivatives Market

The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...

eagle-whitepaper-jan2014

A data-centric approach to portfolio management

A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....