Newedge teams up with AgFe 24 February 2014London Reporter: Stephen Durham
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Newedge has joined forces with AgFe, a London-based fixed income investment advisor and asset manager, to further enhance its agency cash management (ACM) platform geared toward the institutional repo market.
AgFe will provide guidance on analysing and implementing triparty repo on the ACM platform, as well as offering general advice on developing and managing pools of cash-equivalent assets.
As part of the collaboration, ACM clients will also have access to detailed pre- and post-trade analytics via AgFe’s proprietary technology platform, PACE.
Newedge is a 50/50 joint venture between Société Générale and Crédit Agricole CIB. It has a presence in 19 locations in 14 countries.
Angela Osborne, co-head of the ACM at Newedge, said: “Transparent and timely data is vital to effective modern cash and collateral management. ACM clients can now benefit from AgFe’s industry insight to help build, monitor and report on their portfolios and collateral exposures in a robust and efficient manner.”
“Linking the ACM platform with AgFe’s expertise and sophisticated analytics tools will further distinguish our offer from traditional unsecured money market products.”
Kevin Cook, a partner at AgFe, said: “Combining our capabilities will help further promote transparency, best execution and efficiency in cash and collateral management.”
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