OSTTRA and Baton Systems partner to launch FX PvP service
New service will be delivered on distributed ledger technology (DLT) from Baton Systems and will help increase market-wide access to PvP, addressing FX settlement risk concerns.
New service will be delivered on distributed ledger technology (DLT) from Baton Systems and will help increase market-wide access to PvP, addressing FX settlement risk concerns.
Clients of JP Morgan will be able to access an automated collateral optimisation process for cleared derivatives across 13 CCPs globally.
Report by the association has found that T+1 could put pressure on funding of securities transactions involving FX.
The past week saw appointments from RBC, Baton Systems and BMLL.
New head brings considerable experience in payments and cash management to the firm, having served at banks including Citi, ABN AMRO, RBS and Barclays.
The past week saw appointments from B2C2, Baton Systems, Goldman Sachs, Plato Partnership, Finalto and AustralianSuper.
New director brings considerable experience to Baton Systems, having previously served at FIS Global, BNY Mellon and BlackRock.
New executive is the first chief operating officer in Baton Systems’ history, bringing industry experience from Barclays, Deutsche Bank, and Bankers Trust.
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.