Lombard Risk partners with Elixium

Collateral management and regulatory reporting solutions provider Lombard Risk Management announced on Thursday that it had partnered with “secure all-to-all marketplace” Elixium to deliver an integrated solution for repurchase agreements (repo) trading and collateral management.

The AIM-traded firm said the solution would pair Elixium with the Lombard Risk cross-asset collateral management solution, ‘COLLINE’, to provide market participants with collateralised liquidity and a complete end-to-end automated repo trading and margin call management system.

“The Elixium partnership represents an innovative way to utilise technology to achieve added liquidity within the repo market by enabling true end-to-end collateralisation, allowing firms to better sense, react, and continuously learn from their activities in the market,” said Lombard Risk global product director of collateral solutions.

Lombard’s board said some of the biggest obstacles faced by institutions utilising repo was the complexity of managing product silos, multiple IT systems and a lack of technical integration.

It said the new cloud based solution would solve those problems by allowing users to benefit from access to Elixium's all-to-all multi-currency and jurisdiction trading functionality and COLLINE's multi-asset cross-border collateral and margin management solution, which would increase accuracy, eliminate inefficiencies, support forecasting and optimise collateral usage.

The combined offering would provide a powerful, future-proof, integrated solution for customers to benefit from efficiencies, liquidity and best price execution in global financing markets which are “increasingly demanding”, the board added.

“This partnership will allow us to provide market participants with a complete end-to-end, automated collateral management and execution service,” said Elixium CEO Nick McCall.

“Market participants will further benefit from Elixium's all-to-all marketplace, by having access to new liquidity within regulated, multi-center MTF environments.”