Baton Systems Adds OCC to Collateral Management Network

Post-trade fintech Baton Systems has expanded its Baton Core-Collateral network to include connectivity to the Options Clearing Corporation (OCC).

Baton’s Core-Collateral solution enables Clearing Members to automate and optimise their collateral management processes by providing intraday visibility of current margin obligations and collateral holdings at chosen CCPs. With the addition of OCC, clearing firms will be able to automate collateral management across 11 major CCPs globally, together comprising more than 93% of margin, placed by U.S. registered FCMs.