Baton Systems (Baton), a market solution transforming asset movements and settlements, has became a signatory to the updated FX Global Code, underscoring its commitment and support to firms keen to eliminate settlement risk by enabling real time, payment-versus-payment (PvP) settlement for all market participants.
Trading & Execution
Glue42 has released new functionality to help firms bring an optimal trading experience and efficient operation in days versus weeks. The new release, Glue42 Enterprise 3.12, focuses less on individual applications and extends the workspace concept with an enterprise store that allows users to search for business solutions with best outcomes.
The European Energy Exchange (EEX) is set to expand its product range with the launch of new long-term power futures expiries. From 27 September onwards, EEX will extend the number of tradable yearly maturities for German, Italian and Spanish Power Futures from the current six to ten calendar years.
BSO, an infrastructure and connectivity provider, has upgraded its main routes between Shanghai and key financial hubs in London, Hong Kong and Tokyo. The upgrade delivers the fastest connectivity to Shanghai equities and futures markets of any provider and bolsters BSO’s position as the reputed market leader in low-latency connectivity.
A new quantitative trading client, Dark Forest Technologies, is now live on FlexTrade Systems' OEMS platform - FlexONE.
The global user base of Trading Technologies International (TT), a provider of high-performance professional trading software, infrastructure and data solutions, can now access derivatives products listed on the Warsaw Stock Exchange (WSE), through the TT platform.
Chronicle Software (Chronicle), a provider of low-latency technology solutions for the financial services industry, has expanded Chronicle FIX connectivity providing simplified access to additional pools of FX and cryptocurrency liquidity.
Changes to FX Global Code settlement risk principles on payment-versus-payment and netting welcomed by CLS
CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, welcomes changes to the FX Global Code (the Code) which place greater emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where available, and provide more detailed guidance on the management of settlement risk where PvP settlement is not used.
Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions is to utilise OpenFin’s operating system for financial desktops.
Options, a provider of cloud-enabled managed services to the global capital markets, is to facilitate access to Cboe Europe Derivatives, a new Amsterdam-based equity derivatives exchange being launched by Cboe later this year.