Stuart Connolly, the CEO of CloudMargin, told John Lothian News at FIA Boca 2022 that the company’s infrastructure has become even more critical because of events like the Ukraine war for moving collateral reliably as part of the whole collateral workflow. He said the company is growing with new clients and deals, retaining present clients and seeing growing acceptance of the cloud.
JLN asked Connolly about who CloudMargin’s clients are, as it is expanding across asset classes. The firm has moved beyond its buy-side clients, helped by a $20 million capital raise, which allowed it to build out the platform to be able to serve a broader set of clients.
We asked him how exchange traded derivatives fit into the CloudMargin platform. CloudMargin wants to be a single stop solution across asset classes, Connolly said.
Connolly spoke about how CloudMargin is working with larger organizations, noting that there are challenges. The benefits, though, are great, he said.
He also spoke about the growth the company has seen over the last year, noting 30 to 40 percent revenue growth for the year and 98 percent of clients renewing contracts with the firm.
Connolly also spoke about the acceptance of the cloud and the growth of data products on the cloud.