CME Group (NASDAQ: CME) has collaborated with CloudMargin to offer CME Clearing and CME Clearing Europe customers a cloud-based software service that integrates and automates the management of collateral in one place, the company said.
The collateral management 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.
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.
CME Group exchanges offer a 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.
CloudMargin is a cloud-based risk and margin management platform aimed specifically at the buyside.