Alliance will give liquidity providers the ability to systematically approve accounts and is validated and live for a subset of FXall clients, with plans to expand later this year.
Meet the industry innovators listed for The TRADE’s FinTech of the Year award, in partnership with Instinet. Appital, Capital Markets Gateway (CMG), Enfusion, Genesis Global, OpenGamma and Saphyre are fighting it out for the prize this year.
The platform aims to reduce risk and inefficiencies through removing manual tasks for both buy- and sell-sides.
Integration follows a Series A funding round for Saphyre that took place earlier this year and saw it raise $18.7 million from the likes of JP Morgan and BNP Paribas.