Euronext Clearing is the latest addition to Baton Systems’ collateral management solution, Core-Collateral.
The offering provides users direct two-way connectivity to consume CCP information and instruct collateral movements across its network. Through the move, Baton Systems’ client can now use automated workflows which are powered by real-time data to optimise margin for Euronext derivatives and options.
These products were previously cleared through LCH SA but have now migrated onto Euronext Clearing.
Read more: Euronext agrees to sell LCH SA stake for €111 million as part of ongoing clearing migration
With the addition of Euronext Clearing, Baton’s CCP coverage now includes 96% of initial margin worldwide (as per Public Quantitative Disclosures).
Arjun Jayaram, founder and chief executive of Baton Systems, said: “By adding Euronext Clearing to our Core-Collateral network, we’re enabling our clients to improve efficiency, transparency, and decision-making at a critical time in the post-trade process. This advancement further solidifies our position as a trusted partner for clearing members, financial institutions, and collateral managers across the globe.”
Baton’s CCP connections allow users to access up-to-date balance information, including intraday and end-of-day positions. This can be subsequently aggregated with access to up-to-date eligibility schedules for all connected CCPs.
The information can wither be integrated into a clients’ internal system using APIs or accessed directly through Baton’s platform.