The new product has three main functions. It enables a bank’s clients to place and review active orders, monitors market prices on behalf of the bank, and processes the resulting trades. This enables banks to fully automate the entire transaction and grow its order business instead of relying on time-consuming, manual order monitoring processes. Consequently, it reduces risks and costs associated with breaking order limits. Available as part of The Wall Street System® or as a stand-alone product, the Internet limit order module allows a bank’s or broker/dealer’s customer to enter, review and make enquiries about FX limit orders including complex order structures they have placed with the organisation via the Internet. The bank uses the module to monitor its internal rates, which are continually updated in an historical database. The module alerts the bank’s traders to changes in the rate, so the traders can execute the order for the client at the agreed price.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more