ENSO Financial Analytics, a portfolio finance and treasury solution catering to hedge funds, has launched a new partnership with EBS Treasury, an ICAP-owned Money Market Fund (MMF) platform for the broader corporate community. The nature of the collaboration will look to help provide cash and collateral movement workflows to ENSO clients, according to an ICAP statement.
EBS Treasury is the cash and foreign exchange (FX) liquidity management center for corporates and banks – the entity is also powered via Swift Messaging, which will help bridge the two platforms, i.e. EBS and ENSO. As such, ENSO’s client base will aim to make money market sweeps and cash movements via EBS Treasury in the hopes of further pushing its counterparty relationships.
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While not yet available to each company’s full spectrum of clients, the two platforms have already begin assimilating and will be targeting a full integration in the near future – in doing so, ENSO users will be able to garner access to EBS Treasury functionality directly through its own platform.
According to Justin Meadows, CEO of EBS Treasury, in a recent statement on the partnership: “EBS Treasury and ENSO are cutting-edge platforms which have a track record of client-centered innovations, and today’s partnership is the latest example of our strategy to diversify our customer base and add new products.”
“This partnership will enable clients to utilize EBS Treasury’s trading and workflow tools and take further action in efficiently completing their cash movements. We look forward to building upon this relationship with ENSO,” he added.
“By adding ENSO’s ability to identify market opportunities to EBS Treasury’s cash and collateral movement capabilities, we believe this partnership is a powerful collaboration in the path to create a suite of wide-ranging solutions for managers, and will benefit the balance sheet constrained prime broker community,” explained Jenny Knott, CEO of ICAP Post Trade Risk and Information.