Through the combination of its existing Collateral Cockpit, SIX will provide a fully automated system for collateral management processes.
TriOptima’s triResolve Margin collateral management service can connect clients to the SWIFT custody network for cash transfers and securities settlement.
Interim CEO Todd Gibbons believes the interoperable model will help increase its global market share of the tri-party market.
BNY Mellon will use the ISDA Create platform to enable its buy-side clients to electronically amend and update their initial margin documents.
Euroclear stated the new solution will make tri-party a portable service offering, agnostic of the settlement and custody location.
Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
The expansion builds on Pirum's existing real-time connectivity to the four international tri-party agents.
Clearstream in advanced discussion with global custodians over blockchain securities lending platform
Clearstream's Philippe Seyll explained the taking-off point for the HQLAx platform will be to onboard a major player with tri-party capabilities.