LONDON and NEW YORK, Feb. 25,
2020 /PRNewswire/ -- TriOptima, a leading
infrastructure service that helps to lower costs and to mitigate
risk in OTC derivatives markets, today announced that it is
extending its award-winning triResolve Margin collateral management
service to support automated SWIFT payment capabilities.
This new settlement automation service offers clients instant
connectivity to the SWIFT network for cash transfers and securities
settlement, as well as direct access to a broad range of custodians
and tri-party agents.
"Collateral settlement is often a manual and onerous task for
firms, often requiring them to log into a custodian's portal or
even use a fax," said Raf Pritchard, Executive Director, Head of
triResolve. "Combining triResolve Margin with a centrally hosted
SWIFT infrastructure removes the headache of connecting to multiple
custodians, helping clients to lower transaction costs and
significantly reduce settlement risk.''
The addition of SWIFT connectivity means TriOptima clients
in-scope for phase five and six of the BCBS/IOSCO Uncleared Margin
Rules will now be able to instruct SWIFT payments directly via the
platform. Clients will be able to automate the full
collateral management process across both initial and variation
margin.
TriOptima is a part of CME Group (NASDAQ: CME). For more
information on TriOptima offerings, visit:
https://www.trioptima.com/
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners. TriOptima AB is regulated
by the Swedish Financial Supervisory Authority for the reception
and transmission of orders in relation to one or more financial
instruments. TriOptima AB is registered with the US National
Futures Association as an introducing broker.
CME-G
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SOURCE CME Group