The Algorithmics Collateral solution, now rebranded TLM Collateral Management, has an established position in the financial services industry, offering collateral lifecycle automation for buy- and sell-side institutions, custodians and asset servicers, both large and small. SmartStream believes that clients will achieve significant additional value, beyond a standalone operation, through the integration of collateral management with SmartStream’s real-time operational risk control framework for post-trade processing, which includes solutions and services for cash and intraday liquidity management, corporate actions, reconciliations, data management and exception management.

Philippe Chambadal, CEO of SmartStream, commented: “This acquisition marks another significant step for the company and our customers. Funding and counterparty risk management have a critical focus for our customers, who will now be able to leverage the integration of TLM Collateral Management with our leading cash and liquidity management solutions to give a clear picture of a firm’s exposure. This will give them the unique ability to mitigate counterparty risk and to respond to market changes in real-time. The solution gives a complete picture across the front-and back-office and a centralized view of a firm’s inventory and exposure, enabling greater transparency of funding and collateral needs – which ultimately underpins trading.”