Newedge, a global leader in multi-asset brokerage and clearing, has joined forces with AgFe, a London-based fixed income investment advisor and asset manager, to further enhance its Agency Cash Management (ACM) platform geared toward the institutional repo market.
AgFe will provide guidance on analysing and implementing tri-party repo on the ACM platform, as well as offering general advice on developing and managing pools of cash-equivalent assets. As part of the collaboration, ACM clients can also benefit from customised access to detailed pre and post-trade analytics via AgFe’s proprietary technology platform, PACE.
“Transparent and timely data is vital to effective modern cash and collateral management. ACM clients can now benefit from AgFe’s industry insight to help build, monitor and report on their portfolios and collateral exposures in a robust and efficient manner,” said Angela Osborne, co-Head Agency Cash Management at Newedge. “Linking the ACM platform with AgFe’s expertise and sophisticated analytics tools will further distinguish our offer from traditional unsecured money market products.”
Kevin Cook, Partner at AgFe, commented: “We are excited to collaborate with Newedge and MTS on their market-leading ACM platform. Combining our capabilities will help further promote transparency, best execution and efficiency in cash and collateral management.”
ACM, launched in February 2012 by Newedge and MTS, is the only auction-based, best-execution platform for tri-party repo transactions between cash and collateral providers geared towards the institutional repo market. Cash and collateral providers can be asset managers, hedge funds, pension funds, banks, securities lenders, corporates, central banks and family offices.
AgFe, founded in 2006, is a leading specialist in European debt-based investments providing advisory and asset management services to a wide range of institutional clients. PACE, which AgFe developed specifically for cash-equivalent assets, provides aggregated market and trade data relating to pre-trade credit and collateral schedule analysis. Post-trade, PACE’s analytic tools allow for the monitoring and reporting of positions and collateral baskets, by reference to almost any trade characteristic.
Newedge (newedge.com), a 50/50 joint venture between Société Générale and Crédit Agricole CIB, is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in 19 locations in 14 countries, Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges. Newedge's 2,700 employees form a close-knit, multinational team that can innovatively respond to its clients in fast-moving markets.
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