Omgeo expands ProtoColl functionality
16 April 2013 New York
Image: Shutterstock
Omgeo has enhanced the functionality of its automated collateral and margin management solution, Omgeo ProtoColl. It now offers collateral optimisation capabilities to financial services firms.
The new enhancement will enable clients to make more effective use of their existing asset inventory in light of emerging margin collateral requirements imposed by the US Dodd-Frank Act and the European Market Infrastructure Regulation.
鈥淲ith Omgeo ProtoColl, firms can manage their margin and collateral calls across their entire trading operation, enabling them to make smarter, more effective use of all of their collateral,鈥� said Omgeo in a recent statement.
ProtoColl鈥檚 latest version also includes a browser-based management dashboard, giving users a real-time view of collateral management activities, including collateral dispute status, uncovered exposure and counterparty risk positions.
Ted Leveroni, executive director of derivatives strategy and external relations at Omgeo, said: 鈥淚ncreasing collateral and margin requirements, coupled with a shorter list of eligible collateral instruments, will likely result in a collateral shortage. As a result, many buy-side firms face an overriding need to be able to optimise their use of existing collateral.鈥�
鈥淧rotoColl provides a holistic view of collateral that is both needed and available allowing firms to optimise what they have and ensure they are making the best possible use of their resources.鈥�
The new enhancement will enable clients to make more effective use of their existing asset inventory in light of emerging margin collateral requirements imposed by the US Dodd-Frank Act and the European Market Infrastructure Regulation.
鈥淲ith Omgeo ProtoColl, firms can manage their margin and collateral calls across their entire trading operation, enabling them to make smarter, more effective use of all of their collateral,鈥� said Omgeo in a recent statement.
ProtoColl鈥檚 latest version also includes a browser-based management dashboard, giving users a real-time view of collateral management activities, including collateral dispute status, uncovered exposure and counterparty risk positions.
Ted Leveroni, executive director of derivatives strategy and external relations at Omgeo, said: 鈥淚ncreasing collateral and margin requirements, coupled with a shorter list of eligible collateral instruments, will likely result in a collateral shortage. As a result, many buy-side firms face an overriding need to be able to optimise their use of existing collateral.鈥�
鈥淧rotoColl provides a holistic view of collateral that is both needed and available allowing firms to optimise what they have and ensure they are making the best possible use of their resources.鈥�
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