Collaborates with Cassini and OpenGamma to help clients reduce execution costs
Tradeweb’s integration of margin optimisation analytics with its interest rate derivatives platform will seamlessly provide institutional investors with pre-trade initial margin calculations, as well as real-time insight into trade execution options, such as optimal clearing venue and clearing broker selections. As a result, Tradeweb clients will be better able to minimize trade life-time costs and prove best execution.
“Tradeweb continues to connect markets, this time by bringing together our award-winning rates derivatives marketplace and pre-trade analytics and margin calculation specialists,” said
Following the 2008 financial crisis, global regulators introduced the phased implementation of margin requirements for non-centrally cleared derivatives, most widely known as Uncleared Margin Rules (UMR). The final two phases of UMR in
“We are delighted to be joining forces with Tradeweb and, for the first time, to be giving traders enhanced access to best execution of interest rate derivatives, which now also captures post-trade costs and capital impact,” said
“Our collaboration with one of the leading marketplaces for interest rate derivatives is a major step in providing capital efficiency to the buy-side,” said
Tradeweb’s integration of margin analytics within the execution workflow will significantly enhance the trading experience for buy-side firms, ultimately helping them make smarter investment decisions. Once clients have onboarded with the vendor of their choice, they will be able to check the margin impact of interest rate swap trades on their portfolios pre-trade.
“The ability to connect to margin optimisation solutions on Tradeweb will allow us to further improve managing costs efficiently across the trade life-cycle, a key component of our investment process,” said
Since 2005, Tradeweb’s interest rate derivatives platform has been providing swaps traders with flexible, efficient solutions that help them execute their trading strategies, while navigating the evolving regulatory environment. Last month, Tradeweb announced the launch of multi-asset packages trading on its derivatives platform, streamlining the simultaneous execution of interest rate swaps, inflation swaps and government bonds in a single transaction.
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, the expected timing and availability of Tradeweb’s Integration with Margin Optimisation Analytics, our future performance, the markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. Such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in our prospectus filed with the
Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise any of the forward-looking statements after the date of this release.
About Cassini Systems
Cassini Systems is the award-winning derivatives margin analytical platform; providing an analytics backbone from pre-trade to end of day. Cassini users can calculate any margin on any asset – cleared, uncleared, OTC or ETD -, analyze drivers and movement in margin exposure, and reduce IM levels and maximize margin efficiency with our industry-leading, advanced algorithms. Our services enhance portfolio returns at every point in the daily business cycle, and empower traders and portfolio managers with pre-trade lifetime cost analysis. Cassini’s client base – including top tier hedge funds, assets managers and Tier One Banks - understand that managing a portfolio of OTC and ETD products needs powerful tools to move ahead of the competition. For more information, please go to www.cassinisystems.com.
OpenGamma is a derivatives analytics firm with unparalleled expertise in OTC and ETD margin methodologies, backed by CME, JSCC, Accel and Dawn. Our teams bring together a unique mix of practitioner, quantitative and software engineering expertise. Today, we are trusted by the largest and most sophisticated global banks and fund managers, with thousands of users depending on our analytics. Our product coverage spans across margin solutions (validating and optimising cleared and bilateral portfolios), UMR or SIMM processing and regulatory reporting. OpenGamma has on-boarded 30+ clients to our cloud-based solution including Tier One Investment Banks, Asset Managers and Hedge Funds – successfully delivering to these demanding organisations within committed timelines. For more information, please go to www.opengamma.com.
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