Discover Best Execution with Cassini and Tradeweb
Front office users now have access to Cassini’s pre-trade analytics within Tradeweb's RFQ screens.
enable Best Execution by minimizing Initial Margin and trading costs at the time of execution.
Why are pre-trade analytics needed?
Regulations and changing collateral rules have meant that the post execution cost of carrying a Swap trade now needs to be factored into execution decisions. When executing a cleared trade on Tradeweb you have the choice of clearing broker and CCP to nominate. That decision can result in widely different requirements for Initial Margin with the resulting clearing fees and funding costs. Therefore every trade should nominate the clearing route that has lowest requirement for IM, and this is a key part of meeting MiFID II Best Execution obligations.
benefits and features
Cassini and Tradeweb have announced an industry-changing alliance. Front office users now have access to Cassini’s pre-trade analytics within Tradeweb's RFQ screens
Cassini’s analytics in Tradeweb provide the buy-side with significant cost savings by using the optimal route for clearing or execution at the lowest margin impact. At the same time, clients achieve Best Execution (MiFID II) by taking into account all related post trade costs prior to executing.
This exciting alliance extends our existing range of integrations with OMS, PMS & Collateral Management providers.
Simon Maisey, Global Head of Corporate Development at Tradeweb, and Marco Knaap, MD and Head of Business Development at Cassini Systems, talk to TRADE TV at this year’s Fixed Income Leader’s Summit about the alliance between the two firms.
Cassini features of pre-trade analytics in Tradeweb
Click and view for Best Execution and IM optimization
Calculate Initial Margin for all potential FCM/CCP or bilateral routes
Validate the impact of new trades on IM, and operational limits
Check under which agreements can you execute new trades
Enables Best Execution
Understand the complete life cycle cost of a trade including best collateral, funding costs and all broker / FCM & CCP fees
Set your own funding rules for ‘Cost of Carry’
Retain an audit trail of execution decisions to evidence Best Execution
Recommended clearing routes reflect your internal limits and wallet share rules
Start reducing trade costs now
Join us to learn more about how this alliance can transform pre-trade decision making and give you a competitive advantage.
Download the fact sheet on the integration.
Find out more about our alliance by reading the press release.
Get access to the Tradeweb integration now.
How does it work?Gaining access to Cassini’s pre-trade analytics within Tradeweb couldn't be simpler.
1. Sign up with Cassini
2. Enable the Cassini IM-FCM/CCP optimization in Tradeweb
3. One click access to best in breed analytics
4. Results on-screen: Choose the cheapest option and execute
IM optimization and much more
As well as offering pre-trade transparency on IM costs, Cassini offers a full front to back analytics platform for margin and collateral. Discover our products below