Meet the board - Peter Fredriksson
The last video in our “Spotlight on…” series features Chairman of the Board Peter Fredriksson. Peter talks about how Baymarkets is...
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Clara
Clara functionality
Collateral
Collateral positions are mirrored in Clara and reconciled with original sources. Cash collateral balances are automatically updated by standard SWIFT MT940/942 messages from Banks. Securities positions are automatically updated using standard SWIFT MT535 messages from CSDs or Custodians.
Risk
Real time margin calculation. Customised margin alerts and margin service accounts for clients. Margin simulation tools.
Connectivity
Standardised messages for customer integration (ISO 15022). Trade feed support both FIX and ISO format.
Collateral
Risk
Connectivty
Corporate action
Master data
Master data includes participants, agreements, accounts and instruments.
The module and easily extendible to model new types of participants with different roles, account types and agreements to define relationships and relevant information.
Fees & invoicing
Automated, rule based, calculation of trading, clearing and settlement fees (including delivery failure penalties ). Support for market maker rebates.
Corporate actions
Corporate action management for equities and derivatives.
Master data
FeeInvoice
Web User interface
Displays all real time information required to support clearing transaction management including trade allocation, give up and exercise, daily margin requirements, settlement information, default fund contributions and collateral. Functionality for downloading information in various formats to support members internal procedures for reconciliation and reporting.
Cash settlement
Cash settlement for derivatives and securities lending includes mark to market, option premium, trading and clearing fees, forward profit/loss, cash settlement on exercised options and interest on securities lending.
Securities settlement
Netting, creation of settlement instructions, routing of settlement instructions, partials.
WebUI
CashSettl
SecSettl
Who are we
About
We have experience
Baymarkets AS, based in Oslo and Stockholm, is an independent vendor of clearing systems for the financial markets and has been operating since 2007.
The team has deep knowledge and first-hand experience of providing clearing technology, across multiple asset classes including; commodities, equities, rates and credit products, both cash and derivatives.
Baymarkets owns and develops the full service Clara Clearing system. Baymarkets has access to world leading clearing and post-trade expertise, both internally, in the board and close external liaisons.
Some of our unique features are CCP interoperability and advanced risk management algorithms. Clara features standardised APIs for integration with marketplaces, banks, CSDs, clients etc.
Senior management team
Peter Fredriksson:
Chairman of the Board of Baymarkets, partner and co-chair of FIX Nordic. Peter is a well-known FinTech pioneer within the financial industry and has extensive trading systems experience.
Morten Lindeman:
Board Director. Morten co-founded Infront and has extensive experience of the global financial markets.
Cato Wæhle:
Board director and partner. Cato has many years of experience within clearing and trading, IT and management work.
Tore Klevenberg:
Baymarkets CEO and partner. Tore is a clearing and clearing systems thought-leader and technologist. He brings a wealth of industry specialism to the company and its clients.
Contact
Contact us
We would be delighted to talk to you about your markets, and even more pleased to have you as our guest
Visiting address
Prinsens gate 2
0152 Oslo
Norway
Postal address
Postboks 309 Sentrum
0103 Oslo
Norway
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