CloudMargin Launches Collateral Management Platform for OTC Derivative Transactions

CloudMargin, a London-based software developer, has launched a new platform for buy-side firms that utilizes cloud technology for over-the-counter derivatives collateral management.

The platform supports the full process of collateral and margin management, from storing CSA parameters through calculating and issuing margin calls to handling disputes, selecting eligible collateral and instructing market movements. CloudMargin’s software also offers real-time reporting and oversight tools that firms can use as CCP regulations come into effect. The company has made the platform available to a variety of buy-side firms including hedge funds, asset managers, pension fund managers, insurance companies, corporate treasury departments and energy firms.

“Until now, much of the buy-side had been priced out of having a dedicated collateral management platform and had no viable alternative to spreadsheets,” commented Andy Davies, co-founder and CEO of CloudMargin. “I am thrilled that CloudMargin’s innovative approach and use of the latest cloud-computing technology means we can offer a full featured, full-cycle collateral and margin management platform that’s well within the reach of even the smallest buy-side firm.”