DTCC to Integrate Omgeo ProtoColl to Its Global Collateral Margin Transit Utility
Link to facilitate greater transparency and efficiency in the margin call process
Global Collateral is a Margin Transit Utility (MTU) developed through a joint venture of Euroclear and the DTCC and pending regulatory approval. Its integration with Omgeo ProtoColl would allow clients to manage their collateral process from a single interface, while receiving a near-real-time view into the settlement statuses of their pledging activity.
By streamlining margin call activities, the two merged products will bring efficiency, transparency and automation to the collateral management life cycle.
“Our clients have been asking for ProtoColl to be linked with the MTU to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality,” says Tim Keady, managing director and the DTCC’s chief client officer.
“By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk and allow them to more efficiently manage all areas of the collateral workflow. The open architecture of MTU aligns well with ProtoColl’s architecture, enabling us to bring the benefits of the MTU directly into existing ProtoColl workflow processes.”
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 Trading Tech
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
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