LONDON and CHICAGO, June 8,
2016 /PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, and CloudMargin, the award-winning
collateral management provider, today announced they have
collaborated to offer CME Clearing and CME Clearing Europe
customers the first cloud-based software service that integrates
and automates the management of collateral in one place. This
allows market participants access to a consolidated view across
their complete collateral inventory that they can utilize for both
cleared and non-cleared derivatives transactions at any given
time.
"We are excited to announce CME Group's collaboration with
CloudMargin. The cloud-based collateral management service will be
of particular relevance for market participants who want to fulfill
all of their operational and regulatory requirements efficiently,"
said Sunil Cutinho, President, CME
Clearing. "Our collaboration with CloudMargin will ensure that
collateral management becomes even more accessible and robust."
The tool handles complex collateral requirements with multiple
counterparties. It also provides automated connectivity to global
custodians, banks, clearing brokers and clearing houses in order to
manage collateral across all asset types and instruments.
"Our relationship with CME Group will immediately benefit all
current and future members of the CloudMargin community," said
Steve Husk, CEO of CloudMargin.
"Where, through regulation, activity is migrating away from
non-cleared transactions to central clearing, our expanded
functionality in both areas ensures we remain able to support all
our clients' end- to-end collateral management requirements in our
fully automated, light touch cloud-based model."
About CME Group
As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com) is
where the world comes to manage risk. CME Group exchanges offer the
widest range of global benchmark products across all major asset
classes, including futures and options based on interest rates,
equity indexes, foreign exchange, energy, agricultural products and
metals. Around the world, CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its exchanges based in Chicago,
New York and London. CME
Group also operates one of the world's leading central counterparty
clearing providers through CME Clearing and CME Clearing Europe,
which offer clearing and settlement services across asset classes
for exchange-traded and over-the-counter derivatives. CME Group's
products and services ensure that businesses around the world can
effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT, the Chicago Board of Trade, KCBOT, KCBT and
Kansas City Board of Trade are
trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are registered trademarks of New
York Mercantile Exchange, Inc. COMEX is a trademark of
Commodity Exchange, Inc. All other trademarks are the property of
their respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
About CloudMargin
The new regulatory landscape is
significantly impacting all users of collateral. CloudMargin
therefore responded to these new industry trends by becoming the
first cloud-based risk and margin management platform aimed
specifically at the buyside. This evolution in approach allows
the buyside to meet their new, post-crisis objectives whilst
bypassing many of the shortfalls of legacy, on-premise software and
outsourced alternatives.
There is no other solution available today that addresses the
current and future challenges of collateral management like
CloudMargin - for more information, please see
www.cloudmargin.com
CME-G
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SOURCE CME Group