A provider of pre- and post-trade margin and collateral analytics for derivatives market participants has raised £15.5 million.

Cassini Systems, based in London, will use the proceeds to further accelerate its product development and global market expansion.

The platform enables asset managers to assess and optimise the liquidity and carry cost of their diverse trading strategies, achieving large cost savings while improving resilience to collateral stress.

The growth financing round was led by Ten Coves Capital and joined by existing investor Mosaik Partners.

Startup founders: Give yourself six months to raise capital

“This financing is a crucial next step as we continue to scale our operations and add to our global client base, which includes many of the world’s largest banks and asset management firms. With this latest investment, we look forward to deepening and expanding our solutions, and continuing to deliver the world-class service our clients expect,” said Liam Huxley, Cassini founder and CEO.

Steve Piaker, Ten Coves managing partner, will join the Cassini board of directors.

“Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform for growth,” he said. 

“The company operates at the intersection of three powerful trends: integrated data and analytics, liquidity and trading cost optimisation in the capital markets, and regulatory compliance. 

“Its reputation for delivering powerful tools in partnership with providers of some of the world’s leading portfolio and risk management systems positions Cassini to continue to innovate and grow.”