The two banks with leverage previously established bots for a new digital solution aimed at improving custody FX processes for emerging market currency trades.
The new solution designed in partnership with Lumint will enable greater oversight of thoughts of daily data points in the currency management lifecycle.
The new combined platform will give asset managers further transparency into their transaction lifecycles with a consolidated view of FX settlement data across accounts.
Alex Knight spent 18 years with Citi, most recently heading up global sales and client coverage of the bank’s FX prime brokerage.
Research from Standard Chartered highlighted that China's FX requirements for custodians is one of the last obstacles for foreign investment to take off.
Same-day FX settlement service CLSNow has gone live with JP Morgan and Goldman Sachs among the first to use the platform.
Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.
Northern Trust’s extends deal with Hermes to cover FX currency management services for its Irish fund range.
Former global co-head of FX trading moves to a new senior role for selling prime, futures and securities services.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.