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Lombard Risk partners with Elixium Partners

3 Aug 2017 07:00

RNS Number : 9478M
Lombard Risk Management PLC
03 August 2017
 

3 August 2017

 

Lombard Risk Management plc

("Lombard Risk" or the "Company")

 

Lombard Risk Partners with Elixium Partners for

Integrated Repo Trading and Collateral Management

 

Lombard Risk Management plc (AIM: LRM), the leading dedicated global provider of collateral management and regulatory reporting solutions, announces it has partnered with Elixium, the secure all-to-all marketplace, announce their partnership to deliver an integrated solution for Repo (Repurchase Agreements) trading and collateral management.  

The solution will pair Elixium with the Lombard Risk cross-asset collateral management solution, COLLINE®, to provide market participants with collateralised liquidity and a complete end-to-end automated Repo trading and margin call management system.

Some of the biggest obstacles faced by institutions utilising Repo is the complexity of managing product silos, multiple IT systems and a lack of technical integration. This cloud based solution will solve these by allowing users to benefit from access to Elixium's all-to-all multi-currency/jurisdiction trading functionality and COLLINE's multi-asset cross-border collateral/margin management solution which increases accuracy, eliminates inefficiencies, supports forecasting and optimises collateral usage.

The combined offering provides a powerful, future-proof, integrated solution for customers to benefit from efficiencies, liquidity and best price execution in global financing markets which are increasingly demanding.

Helen Nicol, Global Product Director, Collateral Solutions of Lombard Risk, said: "The Elixium partnership represents an innovative way to utilise technology to achieve added liquidity within the Repo market by enabling true end-to-end collateralisation, allowing firms to better sense, react, and continuously learn from their activities in the market."

Nick McCall, CEO of Elixium commented: "This partnership will allow us to provide market participants with a complete end-to-end, automated collateral management and execution service. Market participants will further benefit from Elixium's all-to-all marketplace, by having access to new liquidity within regulated, multi-center MTF environments."

 

For further information, please contact:

 

Lombard Risk Management plc Tel: 020 7593 6700

Alastair Brown, CEO

Nigel Gurney, CFO

 

finnCap (Nomad and Joint Broker) Tel: 020 7220 0500

Stuart Andrews

Carl Holmes

Scott Mathieson

 

WG Partners LLP (Joint Broker) Tel: 020 3705 9330

David Wilson

Claes Spång

Chris Lee

 

Newgate Communications Tel: 020 7653 9850

Bob Huxford Email: lombard@newgatecomms.com

Charlotte Coulson

James Ash

 

About Lombard Risk

Lombard Risk is the leading dedicated global provider of collateral management and regulatory reporting solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.

Counting 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 28 years. Founded in 1989 and headquartered in London, it has offices in Europe (Birmingham, Frankfurt), New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and representative offices in Atlanta, Cape Town, Sydney and Tokyo. Find out more at lombardrisk.com or contact us at info@lombardrisk.com.

 

About Elixium

Elixium: is a secure all-to-all marketplace that has been developed to unlock liquidity, create efficiencies, and improve returns in the secured financing market. With traditional sources of liquidity severely restricted, asset managers, pension funds, CCP's, local authorities, government agencies, banks, agencies and corporate treasuries are discovering the Elixium model which provides liquidity by allowing them to view and execute transactions directly within a regulated MTF environment that:

· Has secure, cloud-based technology with industry standard governance, controls and audits.

· Is transparent, unbiased, free to join and Mifid2 compliant.

· Is flexible and client driven with multiple execution options.

· Accommodates all settlement and clearing mediums.

· Provides pre-trade anonymity and a standardised credit framework allowing participants to control credit and counterparty limits.

· Has a bespoke Global Master Purchase Agreement (GMRA) which allows for rapid, controlled all-to-all connectivity and adopts a flexible and simplified on-boarding procedure which can help with know your customer (KYC) and credit benchmarking.

· Is based on TradAir's cutting edge Marketplace Technology

For more information please visit www.elixium.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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