January 23, 2024 (NO COMMENTS)

Two of the largest US banks are backing new initiatives aimed at optimising collateral posted to clearing houses.

In November, JP Morgan expanded its CCP Margin Exchange service to 13 clearing houses via a tie-up with Baton Systems.

That same month, Citi became an investor in collateral vendor Transcend, which runs a tri-party optimisation service covering 20 central counterparties.

Both services aim to cut