ENSO introduces financing replication service 10 July 2019Chicago Reporter: Maddie Saghir
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ENSO has introduced a financing replication service, which provides reconciliation and replication tools, according to the Chicago Mercantile Exchange (CME) Group.
The tools consolidate Cash PB financing data across prime brokers and highlight the drivers as well as potential avenues to reduce manual reconciliation,
Key features include high-level summary of financing cost drivers with trends, the tools can also identify breaks between actual and agreed charges for prime brokerage benchmarks and spreads.
Additionally, the tools can create configurable grid views and set preferences for persistent reporting, CME Group noted.
As well as this the tools can compare the cost of financing equities, bonds, or other asset types across all providers.
CME Group also outlined that further key features include the ability to view/export a 13 month historical trending data on a summary, detail and break reporting.
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