just now
February 2, 2021 - ATEO Finance, a leading provider of post-trade solutions for the listed derivatives space, has announced today that Sucden Financial has selected ATEO's LISA Clearing Engine, as its middle-office platform.
The LISA Clearing Engine provides off-the-shelf connectivity, not only to all major clearing houses but the entire ETD eco-system, including execution platforms, major clearers as well as third party clearing and confirmation systems. LISA Clearing Engine also delivers a unique set of advanced clearing features.
David Romeo, ATEO's Managing Director, said: "We are extremely pleased to confirm that Sucden Financial is now live with our Lisa Clearing Engine middle-office platform. This is the result of a very thorough selection process and fast-track implementation. With five out of the nine category-one firms on London Metal Exchange (LME) now using our products, ATEO is clearly positioned as the undisputed leading provider of clearing platforms for commodities."
Gavin Parker, Sucden Financial's Chief Operating Officer, said: "We are delighted with Lisa Clearing Engine, which provides connectivity to all our clearing partners and improves operational efficiency. We worked closely with ATEO, who swiftly adapted their solution to match our specific requirements and cover our extensive range of markets."
ATEO Finance provides Post-Trade solutions for the Listed Derivative industry with solutions that include a global blotter, real-time risk management tools and Clearing and matching system with extensive market connectivity. Founded in 2000, the company lists some of the world's leading banks, trading houses, and professional traders as users of Ateo technology.
