JP Morgan is the first client onboard as tech provider Baton Systems adds clearinghouse giant LCH to its network of connected CCPs. The solution serves to automate the full collateral workflow for derivatives participants.

Baton Systems describes its solution as a shared permissioned ledger, connecting with existing collateral and cash systems of external providers such as CCPs and custodians “to enable real-time visibility and accelerated movement of assets”. The news was released Thursday.

Increasing opportunity of connecting services across the internet (in “the cloud”) is opening opportunitites for freeing collateral through optimisation. Check our tag “collateral management” for a list of our articles that touch on the topic. And don’t miss our recent conference panel on innovation in the area, available for you both as full-session video and as written summary.