Pirum announces that its new ClearingConnect solution, which offers centrally cleared trading of Securities Finance Transactions (“SFTs”) to industry participants globally, is live and in use by clients in Europe.
London, UK, 9 March, 2025 – Pirum, the trusted technology partner for securities finance automation and collateral management, today announced that its ClearingConnect solution is live and already in use, supporting centrally cleared trading of Securities Finance Transactions in Europe.
Pirum’s ClearingConnect is an innovative turn-key solution that offers industry participants valuable benefits, including:
Closely following clients that are already live, including Cboe Clear Europe, a wave of industry participants are in advanced stages of integration with ClearingConnect, and Pirum is working in lock step to support their go live journey.
Commenting on ClearingConnect, Jan Treuren, SFT Product Lead at Cboe Clear Europe, said “Since the start of our journey to launch a SFT clearing service, we have appreciated the trust, dedication and commitment shown by Pirum. We are excited to work together over the coming weeks and months to establish central clearing within the SFT ecosystem and explore its potential expansion into other regions and asset classes.”
Rob Frost, Chief Product Officer at Pirum, said: “ClearingConnect represents another leap in Pirum’s ability to support clients across the full securities finance transaction, whether centrally cleared or bilaterally settled. As the globalisation of clearing proceeds at pace, we are delighted to support industry participants, globally, with the expected growth in SFT central clearing this year and beyond.”
Pirum remains at the heart of securities finance automation, by supporting and connecting our clients with their counterparts, trading platforms, collateral and settlement venues, trade repositories, and now, central counterparty clearing houses (CCPs).
Pirum was founded in 2000 with the objective of automating the securities finance and collateral management industries. The Software as a Service (SaaS) platform has since become the industry gold-standard, globally, for automation and connectivity solutions. Today, the Pirum product suite, which uniquely covers pre- and post-trade flows as well as collateral management/optimization functionality, is used and trusted by over 150 leading financial institutions around the world, covering both buy- and sell-side activities. Pirum delivers automation, operational efficiency and resilience, reduced cost, and facilitates regulatory compliance for its network of clients, who use Pirum’s solutions to connect, communicate, and process their trades, as well as manage and optimize their collateral in global financial markets. By connecting industry participants around the world, the Pirum dynamo sits at the heart of a complex multi-party financial markets eco-system, all the while increasing transparency and resilience, streamlining operations and fostering collaboration. www.pirum.com
Media contact
Markus Coleman
Director of Marketing