Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, has been recognized as an industry leader by the TechRound FinTech50 2022. This highly competitive ranking of the top 50 FinTech firms in the UK is judged by a panel of industry experts, including a member of the Forbes Technology Council and the senior director of a multinational FinTech company. This recognition as a top FinTech firm in the UK is further demonstration of how Cassini’s innovative products are helping to shape the contemporary FinTech sphere and, as a result, changing the way financial institutions operate.
In today’s capital markets environment, all firms’ trading derivatives are being impacted by the increasing cost of carry, collateral liquidity risk, and regulatory demands. These firms are realizing the importance of understanding margin and collateral drivers intraday and across the lifecycle of a trade, and how having real time access to this information can help reduce the total cost of each trade, maximize fund performance, and mitigate collateral stress.
Cassini has created the only truly integrated front-to-back solution in which trading portfolios, collateral, and operational data are integrated with risk and optimization models to enrich trading decisions, minimize the collateral impact on portfolios and enable complete transparency on the all-in costs of trading — all without any impact on underlying systems. Through the consumption of core models and data from each part of the organization, Cassini can offer analytical models that support pre-trade, post-trade, and end-of-day functions. These analytics are also provided via API and integration tools, meaning the solution fits seamlessly into existing workflows.
Liam Huxley, founder and CEO of Cassini: “The UK is known as a technological hub across the world, with hundreds of FinTech firms located in London alone. For this reason, being recognized as a FinTech industry leader is an immense honor. Since our founding, the Cassini team has looked to the future and questioned what we could do to shape the evolution of the financial industry in a meaningful way. Our commitment to innovation will never diminish, and awards such as this motivate us to work harder.”
Over the past few years, Cassini has been recognized for its significant role in helping a wide range of asset managers, insurance firms and top-tier hedge funds meet the complex requirements of the UMR regulations as well as managing collateral stress in volatile markets and reducing carry cost as interest rates rise.
2022 has seen Cassini win a number of notable awards, including recognition as a leader in Collateral Management Optimization at the Chartis RiskTech Buyside 50, and Best Front-to-Back-Office Integration Initiative at WatersTechnology Asia Awards 2022. Further, Cassini won Best OTC Derivatives Margining Solution, for the second time, at this year’s FTF News Technology Innovation Awards, and was named Best UMR Service of the Year in the Risk Markets Technology Awards 2022.
The FinTech50 recognition stands out among these achievements due to the larger pool of candidates in the FinTech sphere, as opposed to the more specialized sub-categories within these other awards. As financial firms continue to look for ways to optimize and lower the cost of trading derivatives, Cassini plans to further develop their solution to suit the needs of hedge funds, the energy/commodities market, and investment banks.