SimCorp, a provider of investment management solutions and services for the global financial services industry, has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities.
SimCorp leverages FX Connect’s cross-currency netting capabilities to enable its clients to block, net and subsequently compress large, multi-currency, multi-value date blotters.
FX Connect also provides a full suite of flexible execution options tailored to the asset management community.
With seamless integration to the Order Manager module of SimCorp’s Dimension, SimCorp’s clients have an automated end-to-end FX execution process, which allows them to create operational efficiencies while at the same time reducing trading costs.
“Buy-side firms using SimCorp Dimension are generally looking for a simple setup with smooth, highly integrated and automated workflows across the system. The enhanced partnership with FX Connect is yet another step in that direction, enabling efficient processing of foreign exchange trades via a market-leading execution venue,” says Brent Rossum, director, front office product management at SimCorp.
Lora Britko, managing director and head of FX Connect, says: “FX Connect celebrated its 20th anniversary this year and our enhanced partnership with SimCorp is an excellent example of the client-centric work we have been carrying out for more than two decades. Increasingly so, our shared clients are looking for ways to increase efficiencies and reduce costs associated with FX execution. Our integration with SimCorp Dimension coupled with our proprietary technology means that mutual clients have access to unrivalled automation and execution flexibility.”