SmartStream Acquires Algorithmics Collateral Assets From IBM to Further Expand its Cash and Liquidity Management Offerings

The Algorithmics Collateral solution, now rebranded TLM Collateral Management, has an established position in the financial services industry, offering collateral lifecycle automation for buy- and sell-side institutions, custodians and asset servicers, both large and small. SmartStream believes that clients will achieve significant additional value, beyond a standalone operation, through the integration of collateral management with SmartStream’s real-time operational risk control framework for post-trade processing, which includes solutions and services for cash and intraday liquidity management, corporate actions, reconciliations, data management and exception management.

Philippe Chambadal, CEO of SmartStream, commented: “This acquisition marks another significant step for the company and our customers. Funding and counterparty risk management have a critical focus for our customers, who will now be able to leverage the integration of TLM Collateral Management with our leading cash and liquidity management solutions to give a clear picture of a firm’s exposure. This will give them the unique ability to mitigate counterparty risk and to respond to market changes in real-time. The solution gives a complete picture across the front-and back-office and a centralized view of a firm’s inventory and exposure, enabling greater transparency of funding and collateral needs – which ultimately underpins trading.”