7, 2015 /PRNewswire/ -- OpenGamma, a financial technology company specializing in market structure risk management solutions, has enhanced its multi-CCP margining solution to support Eurex ETD, OTC, and Cross Margining
We are delighted that capital efficiency, cross margining
and collateral management mechanisms proposed by EurexClearing are now available to both Natixis and its clients, said Nicolas Chauvet, Head of Derivatives, Treasury and Forex Operations at Natixis.
Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining
, and the centralized reporting of client portfolios.
This slate of contracts can be traded in tandem with the company's full suite of recently launched European natural gas futures, enabling participants to take a broad approach to energy risk management from a single marketplace and leveraging substantial savings across the two asset classes when cross margining
across the slate is available in Q3 2015 (subject to regulatory approval).
Nick Chaudhry, Head of OTC Clearing at Commerzbank C&M commented: Cross margining
solutions allow clients the potential to secure capital efficiences, and it is likely to be a powerful driver of clearing flows and liquidity going forward as the OTC clearing market matures.
futures market by evaluating and cross margining
a clearing member's risk on a portfolio basis across related cash fixed income and derivative positions.
John Wilson, Global Head of OTC Clearing at Newedge, added: We are delighted to extend our OTC coverage to EurexOTC Clear, thereby enabling clients to enjoy even greater choice of clearing venues and open access to cross margining
in the future.
Our customers will now have a complementary standardized product that provides the advantages offered by futures contracts including pricing transparency, the automatic netting of positions, and margin savings achieved through cross margining
versus all other futures and options cleared through CME Clearing.
Participants have recognised immediately the benefits of cross margining
with the liquid ICE NBP futures, along with our competitive pricing.
A leading player in brokerage, Newedge will combine the specific know-how (risk management, cross margining
, financing, etc) of the two entities and provide an innovative and comprehensive prime brokerage offering, an alternative to the services proposed by investment banks to their institutional customers.
I am also pleased that the survey recognizes our superior synthetic financing capabilities and our leading cross margining
capabilities across multiple asset classes.
The service builds on the strength of CME Group's market leading interest rate products business as well as the risk management and legal safeguards of CME Clearing, with an anticipated goal of offering capital efficiencies through cross margining
OTC products with benchmark futures.