Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.
New offering will give clients opportunities to reduce costs as well as improved operational and strategic efficiencies.
New director brings considerable experience to Baton Systems, having previously served at FIS Global, BNY Mellon and BlackRock.
Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
Following a $200 million Series C funding round earlier this year, the new investment will allow the app developer to expand its operations as interest in its platform continues to grow.
New appointment joins from BNY Mellon and Eagle Investment Systems, where he served in various roles over the last two decades.
Innovation in partnership with DTCC and BNY Mellon expands post-trade capabilities into new asset classes.
Direct connectivity to the four main tri-party agent firms aims to help asset managers as the next phase of the uncleared margin rules looms.
Survey shows that 84% and 72% of respondents plan to develop blockchain and asset tokenisation solutions respectively.
Former senior executive vice president at BNY Mellon has been promoted to the role after working at the bank since July 2018.