SmartStream Acquires IBM Collateral Solution

SmartStream Technologies has acquired assets related to software, sales and support of IBM’s Algorithmics collateral solution, in a strategic move to boost its cash and liquidity management offering.

The Algorithmics Collateral solution, now called TLM Collateral Management, offers collateral lifecycle automation for buy-and sell-side institutions, custodians and asset servicers.

SmartStream will integrate the collateral management solution within its real-time operational risk control framework for post-trade processing, which includes solutions for cash and intraday liquidity management, corporate actions, reconciliations and data management.

“Funding and counterparty risk management have a critical focus for our customers, who will now be able to leverage the integration of TLM Collateral Management with our leading cash and liquidity management solutions to give a clear picture of a firm’s exposure,” says Philippe Chambadal, CEO, SmartStream.

“The solution gives a complete picture across the front-and back-office and a centralized view of a firm’s inventory and exposure, enabling greater transparency of funding and collateral needs – which ultimately underpins trading.”