Executives at GlobalCollateral will need to invest in a larger trophy case as industry accolades for the collateral processing joint venture between DTCC and Euroclear continue to accumulate.
Earlier this month, GlobalCollateral was named Post-Trade Initiative of the Year at the Financial News 16th Annual Trading & Technology Awards Europe in London, and the firm's Margin Transit Utility (MTU) earned the FTF News Innovation Technology Awards for 2018 for the Best Operational Risk Management Solution.
These awards come on the heels of top honours for the MTU as the Best New Product and a Rising Star award for Maria Dwyer, Executive Director and Head of Solutions Business Operations, at the 6th Annual Markets Choice Awards in April.
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"From the onset, the focus of this joint venture has been – and will continue to be - on streamlining margin settlement processes, and to enhance open access to securities collateral," said Valentino Wotton, Managing Director, DTCC’s Deriv/SERV. "These awards recognize that we are delivering on our mission to provide operating efficiencies to market participants and improve the stability and soundness of financial markets."
The Financial News Trading & Technology Awards Europe celebrate the success of trading and technology firms operating in, and supporting, the European financial markets over the past year. The FTF Technology Innovation Awards celebrate and recognize professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during 2017.
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"When we as an industry collaborate, we can achieve great things," said Gareth Jones, COO, GlobalCollateral," and we are delighted to be acknowledged for our efforts to deliver collateral mobility, operational efficiency, and optimization to the collateral processing marketplace."