Baton Systems (Baton), a global fintech specialising in post-trade processing using distributed ledger technology (DLT), is now providing connectivity to the Options Clearing Corporation (OCC) through the Baton Core-Collateral ecosystem.

By expanding connectivity, clearing firms will be able to automate collateral management across 11 major CCPs globally, together comprising more than 93% of margin, placed by US registered FCMs.
 
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 the CCPs that prove to be of greatest strategic importance for their firm. Helping FCMs to improve both the financial and operational efficiency of their collateral movements for centrally cleared derivatives, they are able to minimise what can otherwise prove to be a massive operational burden, with significant associated risks.
  
Baton addresses the most critical risk, capital and liquidity issues impacting post-trade today. Having handled more than 68 million transactions, several of the world’s largest banks are now using the firm’s technology, which has facilitated the settlement of more than $7.1 trillion of cash and securities to date.