Cassini Systems Raises $20.5M in Growth Funding

Cassini Systems, a London UK-based provider of pre- and post-trade margin and collateral analytics for derivatives market participants, raised $20.5M in growth financing.

The round was led by Ten Coves Capital with participation from Mosaik Partners. As part of the investment, Steve Piaker, Ten Coves Managing Partner, is joining the Cassini Board of Directors.

The company intends to use the funds to further accelerate its product development and global market expansion.

Founded in 2014 by Liam Huxley, CEO, Cassini Systems Cassini provides a fully integrated platform that enables asset managers to assess and optimize the liquidity and carry cost of their diverse trading strategies across the trade lifecycle from pre-trade, to intra-day to post-trade. Users can:

  • calculate any margin on any cleared or uncleared derivatives asset;
  • analyze drivers and movement in margin exposure;
  • reduce Initial Margin levels; and
  • maximize margin efficiency with advanced algorithms.

Top-tier hedge funds, asset managers and Tier 1 banks use Cassini for automated tools to manage their portfolios of over-the-counter and exchange-traded derivatives products.