London
17 October 2017
Reporter: Jenna Lomax

NEX partners with Baton Systems


NEX Optimisation has teamed up with Baton Systems to create a new post-trade financial exchange solution through its NEX Infinity platform.

The agreement means Baton Systems will be the first third party to provide its clients with services through NEX’s Infinity solution.

NEX has been working alongside Baton Systems and a multi-national bank client to deliver the post-trade solution.

The solution, which is due to go live in Q1 2018, combines NEX Optimisation’s existing matching and confirmation services and improve resulting client data with Baton’s settlement and payments services.

According to NEX, the new solution will allow clients to access the solution through one connection, with minimal changes to their infrastructure.

Andrés Choussy, head of trade and portfolio management, said: “This new partnership is exciting because it increases the value of existing services provided by Nex Optimisation and solves the post-trade needs of our client.”

“The new FX post-trade solution has the potential to deliver real transformation for the industry, cutting costs and making it more efficient.”

Arjun Jayarm, founder and CEO of Baton Systems, commented: “[This partnership] allows us to provide an end-to-end post-trade solution to our clients, while providing us with the opportunity to grow our client base by giving us exposure to Nex Optimisation’s clients.”

He added: “We look forward to working with Nex Optimisation to help solve our client’s challenges and bring the new solution to the wider market.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
OFI AM and SETL become shareholders of IZNES
23 February 2018 | Paris | Reporter: Jenna Lomax
OFI AM and SETL have been joined as shareholders of IZNES by five asset management companies
Klesia Finances goes live with NeoXam’s Density solution
23 February 2018 | Paris | Reporter: Jenna Lomax
According to Klesia, Density will assist it in facing the current French and European regulatory landscape
EBA Clearing’s RT1 hits 500,000-transaction-mark
23 February 2018 | London | Reporter: Jenna Lomax
The RT1 system passed the transaction milestone on 19 February
Liz Daniels joins FCA
23 February 2018 | London | Reporter: Becky Butcher
The Financial Conduct Authority has appointed Liz Daniels as policy advisor
Gen II exceeds $175 billion in assets under administration
23 February 2018 | New York | Reporter: Becky Butcher
Gen II Fund Services has revealed that its assets under administration have exceeded $175 billion
SANNE hires Hannah Correll Jaeger
22 February 2018 | New York | Reporter: Becky Butcher
SANNE has appointed Hannah Correll Jaeger as head of client relationship management for the Americas to support the company’s growth
Benelux trio set to strengthen collaboration on blockchain
22 February 2018 | Brussels | Reporter: Becky Butcher
B-Hive, the Luxembourg House of Financial Technology and the Dutch Blockchain Coalition have signed a memorandum of understanding to strengthen further collaboration in blockchain within the Benelux region
More news