FX settlement risk is on the rise, due in part to long-running issues in the industry in addition to new challenges such as the ongoing Covid-19 crisis. This year, there was a dramatic increase in FX trades as well as growing requirements for tighter bid/ask spreads. In this episode of Transforming Markets, Arjun Jayaram, CEO and Founder of Baton Systems and Sunil Cutinho, President (CME Clearing) address the entire trade lifecycle and key considerations for mitigating risk from the point a trade is made. In addition, Arjun and Sunil outline the role fintechs and emerging technologies are playing in helping address settlement risk without impacting liquidity.