TriOptima Launches Automated End-to-End Margin Processing Solution

TriOptima, an over-the-counter (OTC) derivatives specialist and infrastructure provider, has launched its latest post-trade utility service, triResolve Margin, a newly designed web-based, end-to-end margin processing solution delivered in tandem with AcadiaSoft, according to an ICAP statement.

The triResolve Margin solution helps assist a variety of market participants in effectively satisfying a plethora of regulatory challenges and edicts necessitated by the use of margined and uncleared OTC derivatives. The service is important as it helps market participants automate the margin process into a consolidated, scalable, and more efficient solution functionality.

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Currently, triResolve already boasts nearly 1,500 users that collectively reconcile portfolios – the triResolve Margin service also taps into an existing AcadiaSoft partnership, which delivers exception-based processing and straight-through-processing (STP) rules.

More specifically, triResolve Margin helps calculate margin requirements, in essence leveraging information and data from triResolve’s reconciled trade, collateral balance, and CSA data. Subsequently, triResolve is then able to articulate automated margin calls via AcadiaSoft’s MarginSphere.

According to Raf Pritchard, Chief Executive Officer (CEO) of triResolve, in a recent statement on the launch: “triResolve Margin is a very important breakthrough in margin processing and extremely timely given the impending margin requirements for uncleared trades.”

“By integrating our existing processes with new margin calculation functionality and partnering with AcadiaSoft, our clients can focus on exception-based processing. The new regulations will bring both an increase in operational complexity and margin call volume. It is critical that market participants can easily access an automated, streamlined tool like triResolve Margin to reduce fragmented and manual processing,” he added.

Late last year, TriOptima made headlines when it partnered with CLS Group, a provider of risk mitigation and operational services, to jointly launch the triReduce CLS Forward FX Compression Service. The triReduce CLS Forward FX Compression Service was designed to help consolidate CLS’s robust foreign exchange (FX) infrastructure as well as its market connectivity capabilities with TriOptima’s triReduce compression product.