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ACM platform offers sec lenders opportunities
17 February 2012
The new Agency Cash Management platform jointly launched by Newedge and MTS, will benefit lenders of securities as well as providing a solution to challenges faced by the buy- and sell-side of cash investment
Agency Cash Management
The new Agency Cash Management (ACM) platform, jointly launched by Newedge and MTS, will benefit lenders of securities, according to Ulf Bacher, co-head of agency cash management at brokerage Newedge.
“Securities lenders are raising cash and their mandate is to re-invest this cash safely. They don’t want to be exposed to the reinvestment problems experienced in unsecured money markets in recent years and so we are bringing them a platform that creates competition for their cash and, even more importantly, creates transparencies so the securities lenders can prove to the owners of those securities that they have done a good job on the cash re-investment,” says Bacher.
The ACM platform is a new electronic auction facility that enables investors...
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