NEX Group launches PIVOT
October 10, 2017

NEX Group, a financial technology company at the centre of the global markets, says it has launched PIVOT a new cash and collateral movement workflow tool which enables clients to make cash movements and money market sweeps.

It says that through the partnership between NEX Optimisation and NEX Markets, PIVOT connects the ENSO Core platform with NEX Treasury, a cash and FX liquidity management centre for the corporate and bank community. The new service helps buy-side institutions act on cash insights identified within ENSO Core, a treasury, counterparty risk and portfolio financing workflow platform, to help clients make timely decisions to optimize their overall counterparty relationships.

This new partnership is a step towards establishing heightened client workflow, leading to a point-click-and-execute model. NEX Optimisation continues to invest in its ‘Optimization Algorithm' which helps clients identify opportunities and allocate on a pre-trade basis – providing clients with a one-stop shop for treasury optimization.

By using PIVOT, hedge funds can execute cash payments directly through the portal for margin management, manage third-party relationships, and invest excess cash in money market funds.

NEX says this new service provides a straight-through-processing (STP) connection through the secure SWIFT network, for single or multiple cash transfers to all the major banks and broker-dealers based on predefined payment instructions and mapping criteria. In early 2018, PIVOT will support the capability to instruct security transfers, says NEX.

Jenny Knott, Chief Executive Officer of NEX Optimisation, said: "Our established multilateral networks and subject matter expertise across NEX Optimisation enables us to provide a suite of services to our clients to optimize their financial resources, reduce their costs, simplify their workflows while giving them confidence in their own data. PIVOT is an integral part of our objective to streamline increasingly complex processes for our clients."

PIVOT is available as an individual offering or an addition to the ENSO Core platform. 





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NEX Group, a financial technology company at the centre of the global markets, says it has launched PIVOT a new cash and collateral movement workflow tool which enables clients to make cash movements and money market sweeps.

It says that through the partnership between NEX Optimisation and NEX Markets, PIVOT connects the ENSO Core platform with NEX Treasury, a cash and FX liquidity management centre for the corporate and bank community. The new service helps buy-side institutions act on cash insights identified within ENSO Core, a treasury, counterparty risk and portfolio financing workflow platform, to help clients make timely decisions to optimize their overall counterparty relationships.

This new partnership is a step towards establishing heightened client workflow, leading to a point-click-and-execute model. NEX Optimisation continues to invest in its ‘Optimization Algorithm' which helps clients identify opportunities and allocate on a pre-trade basis – providing clients with a one-stop shop for treasury optimization.

By using PIVOT, hedge funds can execute cash payments directly through the portal for margin management, manage third-party relationships, and invest excess cash in money market funds.

NEX says this new service provides a straight-through-processing (STP) connection through the secure SWIFT network, for single or multiple cash transfers to all the major banks and broker-dealers based on predefined payment instructions and mapping criteria. In early 2018, PIVOT will support the capability to instruct security transfers, says NEX.

Jenny Knott, Chief Executive Officer of NEX Optimisation, said: "Our established multilateral networks and subject matter expertise across NEX Optimisation enables us to provide a suite of services to our clients to optimize their financial resources, reduce their costs, simplify their workflows while giving them confidence in their own data. PIVOT is an integral part of our objective to streamline increasingly complex processes for our clients."

PIVOT is available as an individual offering or an addition to the ENSO Core platform. 



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