Financials, an independent clearing partner for professional traders, is now live with Baton Systems' intraday liquidity management platform. Financials with a unified and accurate view of where funds are held, where margin obligations exist, and whether pledged collateral is sufficient at each venue. Previously, reconciling cash positions against margin obligations across CCPs and carry brokers has required aggregation across multiple systems and reporting cycles. Baton’s platform replaces that process with a single continuous view incorporating initial margin (IM) requirements, variation margin (VM) positions, collateral on deposit, and any excess or deficit against pledged collateral at each CCP and carry broker. Financials, notes: “Having a consolidated, near real-time view of our cash positions and margin requirements across every account, currency and legal entity has significantly improved our liquidity management.