Source: Rule Financial
Rule Financial has been acknowledged by the influential online newsletter Finextra as a key innovator in Risk Management.
Rule's Total-Tri-Party is the first product designed to give securities finance professionals the complete global picture of their collateral exposure through the tri-party agents.
Rule developed Total Tri-Party to help trading organisations analyse coordinate and display their collateral positions, giving clear visibility across liabilities world-wide and enhancing the ability to control risk.
Elton Cane, Strategy Director at Finextra, commented:-
"In launching the Innovation Showcase, we sought to highlight some of the most interesting financial technology developments over the past 12 months. What were we looking for? Newness, uniqueness and impact; clever ways of solving a problem; and projects at the leading edge of new industry trends."
Finextra verdict: Rule has demonstrated impressive time to market to address a key area in collateral management that was in sore need of automation and standardisation.
David Little, Head of Rule's Securities Finance team, which only began developing Total Tri-Party in Autumn 2008, expressed his pleasure at being chosen for the showcase.
"I'm very excited that our work has been recognised by as respected a publication as Finextra. Innovation is certainly the name of the game when dealing with the current rapidly-changing financial landscape, and our clients will benefit from Total-Tri Party's continuing success."