Transcend’s Platform Centralizes CCP Activity
In other news, we cover Apifiny’s new CTO, Collabware & FINRA, and new hires at Northern Trust, BNY Mellon, and Exactpro.
‘CCP Central’ Targets Margining & Collateral Management
Transcend, an inventory, funding and liquidity management vendor has just launched a platform to connect and automate margin and collateral management activities across a network of central clearing counterparties (CCPs), and named it CCP Central, officials say.
“Transcend’s CCP Central solution specifically targets the many challenges associated with manual and siloed CCP margin activity,” according to the vendor. The new platform offers pre-built connections to CCPs, optimization capabilities, and straight through collateral processing.
The CCP Central solution provides:
- Connectivity across CCPs, exchanges, and internal platforms for client and house collateral;
- Analysis of…