Collateral management specialist Lombard Risk has teamed up with Elixium, a peer-to-peer electronic repo exchange platform, to enhance collateral processes.
The integrated solution will pair Elixium with Lombard Risk’s flagship collateral management solution, COLLINE, to provide market participants collateralised liquidity and an end-to-end automated repo trading and margin call management system.
Through cloud-based technology, it will allow users to access Elixium’s all-to-all multi-currency platform as well as Lombard Risk’s COLLINE for collateral optimisation.
“The Elixium partnership represents an innovative way to utilise technology to achieve added liquidity within the Repo market by enabling true end-to-end collateralisation, allowing firms to better sense, react, and continuously learn from their activities in the market,” said Helen Nicol, global product director, collateral solutions, Lombard Risk.
Elixium, operated by Swiss-based interdealer broker Tradition, was launched last year as the first all-to-all platform for repo, aiming to match treasures and asset managers with hedge funds and pensions funds in need of short-term financing.
It has since executed a number of buy-side transactions, and has most recently gone live with its central limit order book (CLOB) for repo trading.