Technology vendor Cinnober has announced the launch of TRADExpress Client Clearing, a system for consolidating the service offering at banks into a single system.
TRADExpress Client Clearing works on a cross-asset, cross-geographical basis, allowing for a single view of net risk and exposure for a customer using a bank's client clearing service, delivered in a real-time fashion.
"Having a parameter-driven solution that supports many different market models will be decisive for future success in the client clearing business," says Veronica Augustsson, CEO at Cinnober. "Flexibility, extensibility, performance and cost-efficiency are key system requirements for clearing banks to stay competitive and develop attractive clearing services as the new regulatory landscape evolves."
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails