Buy-Side Technology Awards 2013: Best Overall Buy-Side Product for 2013—LCH.Clearnet
This year, LCH.Clearnet joins past recipients Markit (2008), Algorithmics and Fidessa (2009), Cadis (2010), SmartStream (2011), and Advise Technologies (2012), in the winners’ circle of the most prestigious product category of the awards, thanks to its SwapClear Margin Approximation Risk Tool (Smart), which, earlier in the day, won the best risk/portfolio analytics, and best risk management initiative over the last 12 months categories.
In terms of awards, this year has been a successful one for LCH.Clearnet, born in 2003 through the merger of the London Clearing House and Paris-based Clearnet: Its three wins in this year’s BST Awards come on the back of its success in the best sell-side market risk product category at this year’s inaugural Sell-Side Technology Awards held in New York on April 23. However, given the challenges facing both buy-side and sell-side firms when it comes to calculating their initial margin requirements—the percentage of the total market value of a security paid for in cash by an investor—it’s not hard to see why. After all, Smart is designed specifically to eliminate the guesswork in this respect, by providing users with what amounts to “what-if” functionality to calculate how their initial margin requirements will be affected by simulated trades on an individual or portfolio-wide basis. This helps users extrapolate reliable, repeatable and transparent initial margin calculations, allowing them to simulate portfolio risk exposure in real time. Crucially, Smart is available via three delivery mechanisms: on users’ desktops, through code-library integration with clients’ applications, and via the Bloomberg Professional Service, flexibility that both buy-side and sell-side firms now expect from their service providers.
LCH.Clearnet Reaction:
“We’re delighted to win three awards for the Smart tool, which reflect the recognition and support we are receiving from the buy-side community. As industry leader, LCH.Clearnet remains committed to enhancing efficiency and transparency across the clearing workflow, which is so important for participants at this time of unprecedented industry change.”
—Daniel Maguire, head of SwapClear US, managing director, LCH.Clearnet
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
SimCorp back to its winning ways
What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.
Buy-Side Technology Awards 2024 winner’s interview: SimCorp
SimCorp won the Best buy-side investment book of record (Ibor) platform category in this year’s Buy-Side Technology Awards. Christian Kromann, CEO of SimCorp, discusses the win.
BST Awards 2024: Best buy-side data management product—NeoXam
Product: NeoXam DataHub
BST Awards 2024: Best buy-side execution venue—360T
Product: 360T
Buy-Side Technology Awards 2024: All the winners and why they won
The 39 category winners of the 2024 Buy-Side Technology Awards.
BST Awards 2024: Best buy-side performance measurement and attribution product—FactSet
Product: FactSet Performance Solutions
BST Awards 2024: Best buy-side newcomer (vendor or product)—Exegy
Product: nxFramework
BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services