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Internationally, increased volatility and market instability have driven liquidity risk to extremes, resulting in many companies seeing the cost of derivatives and margin exponentially increase and, in extreme cases, defaulting on their positions. In May this year, BCBS-CPMI-IOSCO published its report on margin impact on CCPs (centrally cleared commodities), finding that these are sensitive to the impact on margin calls, with some companies adjusting their stress testing approach accordingly. Cassini Systems (Cassini), the front-to-back margin analysis solution for derivative users, is announcing today that it has won the Best Analytics Solution category in this year’s WatersTechnology Asia awards.
Cassini’s platform offers clients an analytical liquidity and collateral risk management framework that goes beyond the one set out by regulators, meaning companies can use the firm’s margin analytics, collateral optimization, and stress testing capabilities to ensure collateral and liquidity resilience for any market scenario. Once this framework is in place, buy-side firms can start exploring opportunities to optimize revenue with intelligent analytics by maximizing the revenue opportunity from unencumbered inventory and project short, medium, and long-term pools of inventory deployment.
This has become increasingly important in light of increased volatility, resulting in asset allocators actively looking to work with asset managers and hedge funds implementing these processes. The WatersTechnology Asia awards celebrate companies excelling in Asia’s capital market community. The winners have been chosen following a stringent assessment of the companies’ impact on the market and its development. Cassini was chosen thanks to its innovative nature and its achievements in the last year.
David Liew, Head of APAC Sales and Operations of Cassini Systems, said: “We are very pleased to be recognized for our contribution to the derivatives markets. This award cements our commitment to the industry and serves as further proof of the importance of our analytics. As part of our offering, firms are now also using in-depth stress testing which can be the difference between seeing profits and continuing with an unsuccessful strategy. With our newest office in Singapore, we are well positioned to continue serving the Asian markets.”
Cassini Systems is a multi-award-winning margin analytics and collateral optimization platform, running intelligent analytics in near real-time. The platform informs companies’ strategies and has historically helped clients save hundreds of millions in initial margin. Its comprehensive framework for liquidity risk helps companies achieve resilience and revenue generation.
