New Service Offers Cash and Collateral Movements Through ENSO
NEW YORK/LONDON, August 4, 2016 – ENSO Financial Analytics (ENSO), a leading portfolio finance and treasury solution for hedge funds, has partnered with EBS Treasury, an award-winning ICAP owned and established Money Market Fund (MMF) platform for the corporate community, to provide cash and collateral movement workflows to ENSO clients. EBS Treasury is powered via Swift Messaging, and by connecting the two platforms, ENSO clients will be able to make money market sweeps and cash movements through EBS Treasury and further optimize counterparty relationships.
“Our focus at ENSO has been to develop an end-to-end solution that connects customers with their data, opportunities, and workflow. We are excited to partner with EBS Treasury and take the natural next step in providing this new functionality for our customers, enabling them to seamlessly move both cash and collateral across counterparties through the ENSO platform and act on the opportunities already identified in ENSO Core and ENSO Edge,” said Matthew Bernard, Chief Executive Officer of ENSO.
The integration of the two platforms has already commenced and initial access will soon be available for all clients. Full integration will enable ENSO users to access EBS Treasury functionality directly through the ENSO platform.
“EBS Treasury and ENSO are cutting-edge platforms which have a track record of client-centered innovations, and today’s partnership is the latest example of our strategy to diversify our customer base and add new products,” said Justin Meadows, Chief Executive Officer of EBS Treasury. He added, “This partnership will enable clients to utilize EBS Treasury’s trading and workflow tools and take further action in efficiently completing their cash movements. We look forward to building upon this relationship with ENSO.”
In 2015, EBS BrokerTec, ICAP’s market-leading electronic foreign exchange and fixed income businesses, combined MyTreasury (now EBS Treasury) as part of its expansion strategy which added FX to the product mix.
“By adding ENSO’s ability to identify market opportunities to EBS Treasury’s cash and collateral movement capabilities, we believe this partnership is a powerful collaboration in the path to create a suite of wide-ranging solutions for managers, and will benefit the balance sheet constrained prime broker community,” said Jenny Knott, Chief Executive Officer of ICAP Post Trade Risk and Information.
With more than a $1 trillion in client assets under advisory (AUA), ENSO has 14 major broker-dealers on the platform.
About ENSO Financial Analytics
ENSO Financial Analytics (ENSO), an ICAP Post Trade Risk and Information (PTRI) Group Company, is a leading hedge fund service provider offering clients the ability to use critical business insights to become more competitive while strengthening their broker relationships. ENSO’s suite of intuitive, data-driven tools enhances risk and operational transparency and improves transactional efficiency, allowing multi-prime hedge funds and asset managers to optimize structural and variable costs. ENSO captures data on more than ~$1 trillion in hedge fund assets under advisory. ENSO is headquartered in New York with an office in London. For more information, please visit www.ensofinancial.com
About EBS Treasury
EBS Treasury is an award-winning multi-product, multi-bank, multi-currency portal designed to meet the trading needs of corporate treasurers. The Group offers a wide range of fully automated services including market discovery, secure trading, risk management and consolidated reporting. For more information, please visit www.ebstreasury.com.
About EBS BrokerTec
An award-winning ICAP Group division at the heart of the foreign exchange and fixed income global markets, EBS BrokerTec is a market-leading e-trading technology and solutions provider, offering access to multiple execution options and diverse, valuable liquidity. Constantly creating new, ground-breaking solutions, while continuously investing in proven, market-leading platforms and products, the division provides exceptional value to a globally diverse community of professional traders. For more information, go to www.ebsbrokertec.com
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com
Innovation – two year standing reputation in the U.S. and ground-breaking first year in Asia On Thursday 19 October 2017, NEX Optimisation received the US industry’s ”Best Technology – Overall” and the APAC industry’s ”Best Technology – Innovation” awards for the continued success of ENSO Core and the recent launch of PIVOT (Payments and Investment... Read More
PIVOT “Payments and Investments Optimisation Tool” London, New York, Singapore, 10 October 2017 – NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of the global markets, announces today that it has launched PIVOT, a new cash and collateral movement workflow tool which enables clients to make cash movements and money market... Read More
Matthew Bernard and Paul Busby, of NEX Optimisation, provide their views on the current state of the industry, trends and new entrants into the marketplace set to affect the industry within the next three-to-five years What is centralized treasury management and why are funds so focused on it? What are the benefits of a... Read More