OPTIMA/Broker to provide flexible, integrated, risk based margining for clientsSyncova Solutions, the specialist provider of margining and financing solutions to the Prime Broker and Hedge Fund markets, has signed a new client in Daiwa Securities SMBC Europe, the European arm of leading Japanese investment bank Daiwa Securities SMBC Co Ltd. The firm has deployed Syncovas OPTIMA/Broker platform, with a global license, for its expanding Synthetic Prime Brokerage business line.
Daiwa will use the flexibility of the Syncova OPTIMA/Broker platform, to deliver enhanced risk based margining and full cross asset margining of its clients Synthetic Prime Brokerage portfolio and integration to in-house product lines. Additionally, Daiwa clients utilising the Syncova OPTIMA/Funds platform will benefit from improved flexibility and transparency.
Richard Smither, head of structured portfolio trading at Daiwa SMBC Europe said: “In a rapidly evolving market, following market events of 2008, one of the key challenges in expanding our product offering at Daiwa is to be able to offer our wide range of clients not only flexibility but full transparency in terms of margin solutions. Syncovas Optima/Broker allows us to achieve both of these aims without the need to rework or redevelop any of our systems. It has the added benefit that where one of our clients is also using Optima/Fund, we can interface directly without the need for external reports. “
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