CLS completes largest technology change initiative with revamped settlement platform
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
Tag: FX
FX Global Code introduces changes to principles for reducing settlement risk
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.
RBC I&TS partners with State Street’s BestX to launch FX TCA service
The service uses BestX technology to provide RBC I&TS clients with FX TCA reporting to assess the execution quality of their currency overlay services transactions.
HSBC launches FX hedging analytics tool for buy-side
The tool from HSBC will allow asset managers to assess the effectiveness of hedging strategies and will be integrated with the bank’s single dealer platform later this year.
Northern Trust secures multiple mandates for FX currency management services
The new client wins signify a growing acceptance among asset managers to use custodians for a range of front-office services.
Northern Trust wins unique outsourcing mandate from hedge fund Strategic Global Advisors
Recent studies have shown buy-side firms, particularly hedge funds, are expanding their outsourcing options to include middle-office and certain trading functions
Citi, JP Morgan and State Street invest in FX FinTech firm Capitolis
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
BNY Mellon and Deutsche Bank partner to improve custody FX for restricted emerging markets
The two banks with leverage previously established bots for a new digital solution aimed at improving custody FX processes for emerging market currency trades.
Northern Trust rolls out machine learning tech for FX management solutions
The new solution designed in partnership with Lumint will enable greater oversight of thoughts of daily data points in the currency management lifecycle.
State Street collaborates with CLS for post-trade FX data service
The new combined platform will give asset managers further transparency into their transaction lifecycles with a consolidated view of FX settlement data across accounts.