Wall Street Systems (Wallstreet) has launched the Electronic Settlement Network (ESN), a pay as you go post trade processing utility for the capital markets. The cost of trade processing continues to widen between the top tier-1 banks and the rest of the players. This is reaffirmed by recent surveys by the thought leader in this area, Z/Yen Limited (part of McLagan). ESN was created to provide collective processing capacity for its members with associated economies of scale, introducing a transaction based model for processing FX, cash and OTC derivatives. The utility provides capacity, functionality and operations on demand and sets the benchmark for the lowest trade processing costs in the industry. Launched in conjunction with industry partners Currenex, Bloomberg, ICAP and Logicscope, ESN provides an outsourced, on-demand processing hub for financial institutions, eliminating the need for large investments in IT infrastructure, upfront software license fees and ongoing operating costs.
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