Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Baton Systems adds OCC to its collateral management network
Industry news

Baton Systems adds OCC to its collateral management network


18 August 2022 UK
Reporter: SFT

Generic business image for news article
Image: AdobeStock/JHVEPhoto
Baton Systems has added connectivity to OCC, the Chicago-based clearing house, to its collateral management network.

With this development, clearing firms will be able to automate collateral management across 11 central counterparties (CCPs) globally via the Baton Core-Collateral ecosystem, representing more than 93 per cent of margin placed by US-registered futures clearing members (FCMs) according to the California-headquartered fintech.

Commenting on the link to OCC, Tucker Dona, Baton Systems’ head of business development and client success, says: “The need to reduce costs associated with funding and liquidity is becoming increasingly important. For the FCM community, this translates into ensuring money is not being left on the table.

“Our FCM clients are already using the Baton platform to move tens of billions of dollars of collateral every week. With an additional CCP they now have the opportunity to automate and optimise an even greater proportion of the collateral under management.â€

Baton’s Core-Collateral solution aims to enable clearing members to automate and optimise collateral management processes by providing intraday visibility of current margin obligations and collateral holdings at the CCPs that have greatest strategic importance for their firm.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ OCC

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →