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CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, has won the 2023 Risk Markets Technology Award for Collateral Management & Optimisation Product of the Year. This is CloudMargin’s second consecutive win and third win since 2019 in the category, marking its fifth award from Risk.net. Last month, the firm won the FOW International Award for Collateral Management Solution of the Year.
The Risk Markets Technology Awards recognise excellence in markets technology. A judging panel composed of technology users and Risk.net editors select the winners. The judges referred to the CloudMargin platform as “cutting-edge” and called it an “excellent product with a wide set of important capabilities.”
CloudMargin CEO Stuart Connolly said: “We are grateful to Risk.net for recognising our platform once again as we continually deliver new enhancements and functionality that bring efficiencies to our growing client base. With the recent macroeconomic challenges globally, our buy-side and sell-side clients’ collateral management challenges are only getting bigger, and they rely on us to automate, centralise and streamline their workflow and ensure they are optimising collateral allocation across the business while minimising risk. We’re proud to offer the industry’s most flexible collateral and margin management workflow capability, along with newly enhanced and unparalleled pre- and post-trade optimisation and analytics functionality, combined with feature-rich reporting tools that drive improved financial performance.”
For the year ending December 31, CloudMargin’s platform saw $1.5 trillion exchanges in collateral; helped clients with more than 800,000 margin calls; managed more than $750 billion in daily inventory loaded on the platform; was accessed by clients in more than 50 countries; and introduced nearly 900 enhancements to features and functionality.
