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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
FR

Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
IE

Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
LU

Switzerland, Geneva Office

25, rue Kléberg
Geneva
CH

New York, NY Office

100 William Street, 17th Floor
New York
NY
US

White Plains, NY Office

100 Hillside Avenue
White Plains
NY
US

Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
CA
US

Hayward, CA Office

3955 Point Eden Way
Hayward
CA
US

Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
SG

Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
HK

Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
ES

Switzerland, Zurich Office

Loewenstrasse 2
Zurich
CH

Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
JP

Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
IL
US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
US

UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
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Interactive Data And Matrix Applications Help Asset Managers To Facilitate Margining of Forward-Settling Trades

Matrix's MarginCalculator.com Utilizes Interactive Data's Evaluated Pricing and Descriptive Data to Facilitate Margining of Forward-Settling Transactions

Interactive Data Corporation and Matrix Applications today announced an agreement to provide data and tools to help asset managers to navigate the complex process of margining forward-settling trades.

The Treasury Markets Practice Group (TMPG), which is sponsored by the Federal Reserve Bank of New York, has recommended that all firms margin forward-settling agency mortgage-backed securities (MBS) transactions. The TMPG recommends market participants exchange "two-way variation margins" on a regular basis to mitigate counterparty credit risk.

This agreement provides Matrix Applications with a license to provide Matrix's clients with access to Interactive Data's evaluated pricing and descriptive data for To Be Announced securities (TBAs), Collateralized Mortgage Obligations (CMOs), agency MBS and U.S. government Treasury and agency securities. This data will be integrated into Matrix's MarginCalculator.com, which provides a cost-effective service to help facilitate the margining of forward-settling trades. Financial institutions trading securities can utilize MarginCalculator.com to track their trades, margin, and exposure.

"MarginCalculator.com enables financial firms to quickly, easily and affordably calculate and track margin requirements without the need to implement comprehensive, and often expensive, collateral management systems," said Stephen Mellert, Managing Director for Matrix Applications. "MarginCalculator.com utilizes Interactive Data's independent evaluated pricing and descriptive data to provide a hosted, cost-effective solution for managing the complexities of margining forward-settling trades."

"We are pleased to provide Matrix Applications with a wide range of pricing and descriptive data to power its service that can help asset managers to better manage their transactions," said Mark Hepsworth, President, Pricing and Reference Data for Interactive Data. "Our ability to integrate our data into a variety of platforms aimed at helping asset managers to meet evolving industry standards underscores our commitment to collaborating with a wide range of innovative financial technology providers."

Through its alliance program, Interactive Data provides access to a broad range of data, analytics and related services to more than 500 software application vendors, service providers, trading platforms, order and execution systems and media portals.