First Recipient in the Category at Annual Leaders in Trading Awards
LONDON and NEW YORK, Oct. 26, 2017 /PRNewswire/ -- CloudMargin, the multi-award winning creator of the world's first web-based collateral and margin management solution, announced today that The TRADE Magazine has just bestowed on the firm an Editor's Choice Award, naming CloudMargin "FinTech Innovator of the Year" at its Leaders in Trading awards event in London last night.
This represents the first time The TRADE has recognised a firm for FinTech innovation and the second year the magazine's editorial and research team has honoured a "series of performances in excellence" through Editor's Choice awards as part of the broader Leaders in Trading awards. The TRADE delivers insight to trading professionals at the world's largest asset managers and investment banks, with readership that includes buy-side dealers, high frequency traders, fund managers, sell-side brokers, FinTech innovators and regulators.
Jonathan Watkins, The Trade Group Editor, said: "The FinTech Innovation award was one of the most hard-fought this year given the technology developments taking place in the trading and execution industry. We decided that CloudMargin's cloud-based collateral management solution, along with the progress they've made throughout the year, helped them stand out from the other nominees. Given the margin and collateral requirements which have come into force this year, CloudMargin's innovative system has been a timely and warmly welcomed product for the industry."
CloudMargin CEO Steve Husk said: "It is indeed a great honour to receive this prestigious Editor's Choice award, based entirely on the editorial team's judgment that we stood out as an innovator not only in the collateral management field but among FinTech providers generally. We've worked diligently to ensure that CloudMargin's cloud-based workflow tool provides our community with turnkey access to best-of-breed partners and real-time data across the entire collateral management ecosystem for an affordable price. Never has this been more vital than in the past year, when variation and initial margin rules have begun taking effect globally."
Last night's award is the second award this month CloudMargin has earned for FinTech innovation.
Headquartered in London, CloudMargin created the world's first cloud-based collateral management workflow tool, which has earned 10 different industry awards since 2015 for innovation and best-in-class technology. The firm's Software-as-a-Service (SaaS) model is helping many of the leading financial institutions globally – including exchanges, brokerage firms, banks, asset management firms and insurance companies – meet time-critical regulatory deadlines and reduce costs associated with collateral requirements that are growing dramatically. CloudMargin bypasses many of the shortfalls of legacy, on-premise software, enabling clients to experience rapid implementation and access to robust and secure collateral management workflow software. For more information, visit www.cloudmargin.com. To access the firm's FlightPlan microsite designed to help financial institutions globally navigate the uncleared margin rules and other regulations impacting their collateral management function, please visit flightplan.cloudmargin.com.