Interdealer broker Tradition has completed a standard initial margin model (Simm) optimisation for non-deliverable forwards (NDFs) in partnership with LMRKTS, a New York-based fintech start-up offering multilateral foreign exchange compression services. Earlier this month, the two companies conducted a live run, incorporating exposure data from four banks, which resulted in the processing of 132 sides […]
“Our hope is to deliver an end state to clients that carries roughly the same amount of counterparty risk as market risk, and to do this through a post-trade process that is as easy, if not easier to use than existing methodologies,” said Biase in a statement.
A new fintech VC called Motive Partners, founded by a team of fintech entrepreneurs and investors, is launching today with offices in London and New York. In addition to Heyvaert (former corporate EVP of Global Financial Solutions at FIS; Founder and CEO at Capco; General Manager of Securities and Capital Markets at IBM; and Founder […]