Itaú BBA Chooses 4sight For US Securities Finance and Collateral Management
![itau-bba itau-bba](/sites/default/files/styles/landscape_750_463/public/import/IMG/363/255363/itau-bba-580x358.jpg.webp?itok=T4LIeTL7)
Itaú BBA will use the software from UK-based 4sight for equity and fixed income securities lending and repo trade booking and position management. Itaú BBA will also use 4sight's solution for collateral management, credit limits control, P&L and reporting. Itaú BBA will initially use 4sight for US domestic equity and fixed income trading, and later phases will extend it into multi-site global front-to-back securities lending and repo.
The implementation will be delivered as a hosted solution via Itaú BBA's internal hosting provider. The project includes several new features built to Itaú BBA specification, including: a securities lending and repo trade concentration limit module, including extended concentration limit/breach reporting; a real-time 4sight interface for automated requests and import of instrument static data; a user interface for 4sight's existing Loanet interface, and extensions to the interface to support additional repo transaction types.
"It was critical for this project to select a technology solution that can be installed rapidly on a lightweight footprint while also able to scale globally," says Ross Levin, head of prime services business architecture for Itaú BBA. "Itaú BBA also required a vendor with strong industry and domain expertise, global support services and a flexible approach to customization."
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
Natixis refines in-house interoperability model
The French asset manager has refined its canonical data model over the last decade, as the interoperability movement continues to evolve.