Baton Systems has expanded its Core-Collateral network with the integration of Euronext Clearing, enabling clients to automate and optimise collateral management for derivatives and options that recently moved from LCH SA.
The addition of Euronext Clearing gives Baton’s clients direct access to real-time balance information, including intraday and end-of-day positions, states a Baton Systems press release. By integrating eligibility schedules from multiple central counterparties (CCPs), the system allows clearing members to automate collateral pledges and recalls for both cash and securities. The platform can be accessed through Baton’s interface or integrated into clients’ internal systems via API.
Expanding CCP connectivity
With this integration, Baton’s Core-Collateral network now covers 96% of initial margin globally, based on Public Quantitative Disclosures (PQDs). The company continues to broaden its network, aiming to improve efficiency in collateral management across key clearing houses. “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”, says Arjun Jayaram, founder and CEO at Baton Systems.
