TS Imagine announced that ED&F Man Capital Markets has adopted its real-time risk, compliance and margin platform, replacing the legacy system with a fully hosted SaaS solution. On the platform, ED&F Man Capital Markets will be able to efficiently manage initial and variation margin risk for SPAN (standard portfolio analysis of risk) and VaR (value-at-risk) based methodologies across its futures and options trading and clearing business.
Data management, unoptimized workflows and the complexity of managing multiple systems led ED&F Man Capital Markets to seek out a new risk and margin management solution. The futures commission merchant has already seen improvements to data management, aggregation and reporting capabilities since deploying the platform.
Stephen Hood, global COO and global chief risk officer at ED&F Man Capital Markets, said in a statement: “We needed a single platform that would enhance our ability to serve clients remotely, support business growth and relieve the pain points of managing three systems for stress tests, margin and end of day risk, and reconciling data and workflows. TS Imagine’s platform displays our risk, profit and loss and margin analytics side-by-side, while lowering our total cost of ownership across exchange and OTC trading.” He added that integration, testing and go-live was completed within a few months.
Andrew Morgan, chief revenue officer at TS Imagine, said in a statement: “Client expectations and market conditions have pushed clearing firms to accelerate the transformation of their legacy systems. In parallel, firms are looking for ways to more efficiently manage risk and margin as their clients continue to demand greater levels of transparency.”