SmartStream acquires Algorithmics Collateral assets

SmartStream acquires Algorithmics Collateral assets

SmartStream has acquired Algorithmics Collateral assets from IBM, enabling it to address funding and counterparty risk issues for customers from within its own post-trade software suite.

The Algorithmics Collateral package, 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.

SmartStream believes that clients will achieve significant additional value, beyond a standalone operation, through the integration of collateral management with its own post-trade suite of service for cash and intraday liquidity management, corporate actions, reconciliations, data management and exception management.

Philippe Chambadal, CEO of SmartStream, says the integration will give customers a clearer picture of their true exposure and the ability to 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 centralised view of a firm’s inventory and exposure, enabling greater transparency of funding and collateral needs - which ultimately underpins trading,” he says.

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