Daiwa will use the Syncova Optima/Broker platform to deliver enhanced risk-based margining and full cross asset margining of its client's synthetic prime brokerage portfolio and integration to in-house product lines, said Syncova.

Richard Smither, head of structured portfolio trading at Daiwa SMBC Europe, said: "In a rapidly evolving market, following market events of 2008, one of the key challenges in expanding our product offering at Daiwa is to be able to offer our wide range of clients not only flexibility but full transparency in terms of margin solutions.

"Syncova's Optima/Broker allows us to achieve both of these aims without the need to rework or redevelop any of our systems. It has the added benefit that where one of our clients is also using Optima/Fund, we can interface directly without the need for external reports."

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