May 9, 2022
Cassini Systems Named Best OTC Derivatives Margining Solution for the Second Time
PRNewswire | LONDON / NEW YORK / SINGAPORE ― Cassini Systems, the leading provider of pre-and post-trade margin and collateral analytics for derivatives market participants, has been named Best OTC Derivatives Margining Solution at this year’s FTF News Technology Innovation Awards. This is the second time in recent years that the firm has been recognized for its intelligent margin and collateral analytics for users of derivatives and follows its recognition as Best UMR Service of the Year in the 2022 Risk Markets Technology Awards, and Best Post-Trade Technology in the 2022 HFM US Technology Awards.
The FTF News Technology Innovation Awards celebrate industry-leading financial technology companies that continue to provide breakthrough financial solutions. For this award, Cassini was shortlisted against well-established industry firms, and through the support of votes from industry experts and clients, they were able to win for the second time.
Cassini Systems is the only provider of real-time pre-and post-trade margin analytics for derivatives markets. Based on the concept of Intelligent Margin Management, the platform is unique in providing a complete front-to-back solution covering all margin, collateral, and cost analytics for all derivative classes, creating a backbone across the client organization.
This gives top-tier hedge funds, asset managers, insurance firms, and energy firms a powerful tool to understand the total cost of each potential and actual trade, reduce the P&L impact of post-trade costs and maximize fund performance. This provides an unparalleled service to firms that fell into scope in Phases 4 and 5 and those potentially falling in scope in Phase 6 of the Uncleared Margin Rules (UMR), facilitating their ability to comply with the regulations or remain under the threshold for exchanging Initial Margin (IM).
Liam Huxley, Founder, and CEO at Cassini: “Having our work recognized and winning this award that is determined by market participants, not once but twice, is a tremendous achievement. Our technology and strategy are driven by a customer-centric approach and over the past few years, especially through times of market volatility, we at Cassini have strived to provide our users with the tools to increase confidence in their pre-trade decisions and implement full control over their margin and collateral processes. We are continuing to support the industry as firms prepare for the September UMR phase 6 deadline, but also working with a range of firms focused on post-UMR challenges.”
Cassini has seen exponential growth over the past 12 months, with clients seeking to optimize and lower the cost of trading derivatives. Looking forward, this is something they expect to continue seeing as they further develop their solution to suit the needs of hedge funds, the energy/commodities market, and tier two banks.
Founded in 2014, Cassini Systems offers an award-winning derivatives margin analytical platform that provides the industry’s only front-to-back margin and cost analysis across the entire lifecycle of a trade. Cassini users can calculate any margin on any cleared or uncleared derivatives asset; analyze drivers and movement in margin exposure; reduce Initial Margin levels; and maximize margin efficiency with the firms’ industry-leading, advanced algorithms.
Cassini services have a proven track record of enhancing portfolio returns at every point in the daily business cycle, empowering traders, and portfolio managers with the ability to analyze instantly in the pre-trade stage the all-in, lifetime cost of a transaction. Top-tier hedge funds, asset managers, and Tier 1 banks rely on Cassini for powerful, flexible, automated tools to manage their portfolios of over-the-counter and exchange-traded derivatives products. Cassini was named Best UMR Service of the Year in the Risk Markets Technology Awards 2022.
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