Cassini Systems has completed a growth financing round of up to US $ 20.5 million, led by fintech investor Ten Coves Capital and venture capital firm Mosaik Partners.
As a provider of pre- and post-trade margin analysis and guarantees for derivatives market participants, Cassini will use the funds to further consolidate its product development and expansion into the global market through its market analysis platform. derivatives margin.
Cassini’s fully integrated platform provides margin and cost analysis throughout the trade lifecycle, from pre-trade to intraday to post-trade.
This allows asset managers to assess and optimize both the liquidity and cost of carry of their trading strategies.
Cassini notes that it is particularly important for companies to reduce costs and improve their resilience to collateral stress in the context of regulatory changes following the 2008 financial crisis, which lead to increased margin requirements and demand. of collateral for investment managers trading over-the-counter derivatives. , futures, options and other related products.
Liam Huxley, Founder and CEO of Cassini, explains, “This funding is a critical next step as we continue to expand our operations and expand our global customer base. With this latest investment, we look forward to deepening and expanding our solutions and continuing to provide the world-class service our customers have come to expect.
Steve Piaker, Managing Partner of Ten Coves and newly appointed Cassini Board member, adds: “Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform. growth. The company operates at the intersection of three powerful trends: integrated data and analytics; optimization of liquidity and trading costs in the capital markets; and regulatory compliance.
“Its reputation for providing powerful tools in partnership with vendors of some of the world’s best portfolio and risk management systems positions Cassini to continue to innovate and grow,” adds Piaker.