Cassini partners with Softek to provide clients with access to Softek’s Margin, Risk and Data Services

Asset Management Derivatives

Cassini Systems, a provider of analytics solutions for OTC trading, and Softek, a leading provider of Capital and Credit Management solutions, today announced a partnership to enable buy-side clients to access Softek’s house margin policies to accurately assess their pre-trade risk, collateral and potential costs for CCP, Bilateral and Prime Broking arrangements.

Liam Huxley, founder of Cassini Systems, said; “Softek offer both PB margin calculation services and the necessary data management for accurate calculation of these models. By integrating these calculation services into Cassini we can offer the complete span of margin and asset models from OTC, through ETD to proprietary Hedge Fund portfolio margins. Cassini integrates these into our rich Pre and Post-Trade optimisation and analytic workflows for any type of buy side firm”.

Andrew Powell, COO, Softek, commented; “Softek has extensive knowledge and expertise in calculating a prime broker’s margin requirement having digitised a wide array of credit policies. Partnering with Cassini makes perfect sense. By linking our services, Cassini’s clients can assess the pre-trade margin cost across their prime broking relationships in addition to understanding the potential costs related to CCP and Bilateral arrangements.”

Enquiries regarding this announcement should be addressed to:

  • Andrew Powell, Softek, +44 (0)207 332 6340
  • Liam Huxley, Cassini Systems, +1 917 691 3840

About Cassini Systems

Cassini Systems is a financial technology company with offices in New York and London. Cassini delivers an analytics platform for OTC trading combining risk, limits, fees, margin and collateral. Pre-Trade users can access “What If” trade testing, Best Execution and Best Hedge recommendation alongside Regulatory and Operational Limits Monitoring. Post-Trade users can access portfolio optimization services including compression, novation and porting. Cassini’s vision is to provide a holistic platform that allows the front office to include all Post-Trade factors in trade decisions.

About Softek

Softek is a leading provider of Capital and Credit Management services with a focus on regulatory capital, margin lending, security finance and risk reporting. Softek’s full-service utility delivers an innovative suite of integrated post-trade solutions by combining data management, risk and capital calculations in near real time. Softek services a diverse range of financial businesses including; Banks, Prime Brokerage, Broker-Dealers, Proprietary Trading, Correspondent Clearers, Wealth Management and Hedge Funds