CloudMargin Tops the Shortlist in the 9th Annual Buy-Side Technology Awards, and is honoured the Title of “Best Buy-Side Collateral Management Tool”
CloudMargin, the provider of an innovative web-based collateral and margin management platform for the buy-side, today announced that its collateral solution has been named “Best Buy-Side Collateral Management Tool” in The 9th Annual Buy-Side Technology Awards 2015 (BST).
The BST awards recognize the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input of seven experienced industry judges. CloudMargin accepted their award at Le Meridian Hotel, Piccadilly, on Friday 6th of November.
“Best Buy-Side Collateral Management Tool” is awarded to the solution with the best functionality designed to specifically allow buy-side firms to efficiently manage their collateral, in an industry fraught with ever changing and growing challenges. The new regulatory landscape is significantly impacting all users of collateral and systemic solutions facilitating the realisation of these post-crisis objectives have historically been limited to either full outsourcing or purchase and implementation of third party software. CloudMargin have responded to these new industry trends by becoming the first cloud-based risk and margin management platform aimed specifically at the buy-side. CloudMargin’s functionally rich, highly automated solution allows the buy-side to meet their post-crisis objectives whilst bypassing many of the shortfalls of historical software/outsourced alternatives.
Victor Anderson, Editor-in-Chief of Waters and WatersTechnology commented: “The CloudMargin platform represents a significant step forward in buy-side collateral management practices, allowing asset managers to more accurately administer their various collateral management processes in an accelerated, automated, transparent and cost-effective manner. This is a well-deserved achievement, given the challenging regulatory regime in which CloudMargin’s clients now operate”.
Karl Wyborn, Managing Director, Global Head of Sales at CloudMargin added: “This industry recognition is a testament to the skill and vision of its creators who look to eradicate the current industry inefficiencies in managing collateral. This accolade reflects the great strides CloudMargin have made in meeting the post-crisis objectives of our buy-side client base, offering an enhanced collateral management solution, leveraging the newest technology of the ‘Cloud’. With this, CloudMargin have set the standard for innovation and creativity within the collateral management space, and as a company we could not be happier to receive this award”.