CME Group has appointed new heads to the EBS, BrokerTec and Optimisation business lines as part of its ongoing integration with NEX Group, which the exchange acquired last year. Jeff Ward has been named global head of EBS, having formerly served as global head of NDFs and forwards and head of EBS Asia, based in […]
NEX Group (Nex) has launched a new cash and collateral movement workflow tool that enables clients to make cash movements and money market sweeps.
Created through the partnership between Nex Optimisation and Nex Markets, the new product, called Pivot, connects the Enso Core platform with Nex Treasury, a cash and FX liquidity management centre for the corporate and bank community. The new service aims to help buy side institutions act on cash insights identified within EnsoCore, a treasury, counterparty risk and portfolio financing workflow platform, to help clients make timely decisions to optimise their overall counterparty relationships, the firm says.
By using Pivot, Nex says that hedge funds will be able to execute cash payments directly through the portal for margin management, manage third party relationships, and invest excess cash in money market funds.
Hedge funds portfolio finance and treasury solutions provider Enso Financial Analytics and money market fund platform EBS Treasury have partnered to provide Enso cash and collateral movement workflows. “By connecting the two platforms, Enso clients will be able to make money market sweeps and cash movements through EBS Treasury and further optimise counterparty relationships,” the two […]