Baton Systems and LCH confirmed that JP Morgan will be the first participant to manage its collateral at LCH using the newly integrated shared permissions ledger platform.
Chris Giancarlo joins Baton Systems as senior advisor after serving for five years as chairman and commissioner at the CFTC.
Aaron Ayusa joins Baton Systems as director of client success after nearly 11 years at Credit Suisse in the FX space.
Jerome Kemp joins Baton Systems as senior advisor after nearly 30 years at JP Morgan and Citi leading futures and OTC clearing.
SGX clients will have access to consolidated intra-day information in a single dashboard to automate and standardise its end-to-end collateral workflow.
Baton Systems will deploy its platform across treasury processes at Citi to automate rules for the movement of collateral.
JP Morgan has developed a DLT-based system to speed-up and automate post-trade margin payments.
Alex Knight spent 18 years with Citi, most recently heading up global sales and client coverage of the bank’s FX prime brokerage.
Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.