MarginClick, the London based supplier of a global multi-product margin engine has recently signed a non-exclusive distribution agreement with TradingScreen, a leading provider of connectivity, global trading platforms, and straight-through-processing for Traditional and Alternative Asset Managers.
Under the terms of the agreement, TradingScreen have integrated and 'whitelabelled' MarginClick into its trading front-end and risk management application for global listed derivatives.
"Unlike so many vague 'marketing agreements' this deal provides a fully integrated pre and post trade margin based risk management tool for TradingScreen," commented MarginClick CEO Patrick Thornton-Smith. "I have admired the success that Philippe has achieved with his team in distributing TradingScreen to the financial community, especially to the 'buy side' as well as to many large 'sell side' banks and brokers. MarginClick now adds a vital component to enable TradingScreen users the ability to assess market exposure based on risk based margining."
Philippe Buhannic, Chairman and CEO of TradingScreen said, "We selected MarginClick as our business partner to further increase the functional scope of TradingScreen and deepen its multi-asset capabilities. Many front-end suppliers only view risk at a position and size limit. We realise that a significant number of trading groups require more, and need to incorporate margin and capital based calculations as well, MarginClick now adds this important feature and gives TradingScreen a more complete STP proposition."
"There has been a disconnect between the front and back office functions for many years. The front end of the business enjoys modern, real-time technologies yet the back office still relies, pre-dominantly, on a T+1 'lag' due to overnight batch based processes. This relationship with TradingScreen now brings a key back office feature 'up the food chain' and goes a long way to creating a true STP model. We are always looking for new distribution avenues into the buy side, particularly the hedge fund community," concludes Thornton-Smith.