Nasdaq Clearing Joins CloudMargin Platform to Help Clients Manage Collateral Margin

The addition of Nasdaq Clearing onto the CloudMargin platform will provide Nasdaq’s buy-side clients with the tools to manage cleared and non-cleared collateral margin activity through a single platform, as well as optimize Nasdaq’s collateral-related communications, including issuance of the most up-to-date eligibility schedules, reports, messages and instructions.

“CloudMargin’s solution enables our clients to manage margin collateral across clearinghouses and bi-lateral counterparts,” said Fredrik Ekström, head of Nordic fixed income and European clearing at Nasdaq Clearing, in a statement. “Nasdaq Clearing believes that distribution of risk is a key factor in protecting the financial sector from systemic risks. The CloudMargin offering supports such infrastructure in an efficient way.”

Margin clearing has become a focal point across the industry in recent months, following the introduction of new requirements for initial margin clearing in September last year and variation margins for cleared and non-cleared derivatives on March 3 this year, meaning firms on both the buy and sell sides have sought out new methodologies and technology to ease the operational burden the new requirements will put on collateral calculations and management operations.