The world's largest financial institutions are building the bank of 2030 today - they're trusting Baton’s post-trade solutions to help get them there.
History and Roadmap
2024
- Baton reports record demand for real-time collateral management amid volatile year for markets
- Baton Systems to transform bank treasury capabilities with real-time intraday liquidity management and analysis tools
- Baton Systems adds JSCC to its growing CCP network
- Baton Systems recognised by Harrington Starr as one of The Most Influential Financial Technologist Firms of 2024
- OSTTRA and Baton Systems partner to launch FX PvP service, mitigating settlement risk in FX markets
2023
- Baton Systems collaborates with J.P. Morgan to Expand CCP Coverage for Collateral Management Optimisation Solution
- Baton Systems Launches Automated Settlement Orchestration Platform
- Baton Systems Triumphs Again, Winning “Best FX Settlement Innovation” at Euromoney Foreign Exchange Awards 2023
- Baton Systems wins “Best FX Settlement and Risk Mitigation Solution” at the FX Markets Asia FX Awards 2023
- Baton Systems recognised by Harrington Starr as one of The Most Influential Fintech Firms 2023
- BIS CPMI report identifies Baton Systems’ Core-FX as the only live FX PvP service (in March 2023), of the companies that had responded to 2021 public call for ideas on potential approaches to increase adoption of PvP
- Baton Systems appoints Ravindra Madduri as Global Head of Product
2022
- BNY Mellon and Baton Systems announce collaboration to deliver enterprise collateral optimisation solution
- Baton Systems wins “Best New Technology Introduced Over The Last 12 Months – Trading, Risk and Compliance” at the American Financial Technology Awards
- Baton Systems’ DLT now risklessly settling offshore yuan transactions in world first
- Baton Systems appoints Alistair Griffiths as Director of EMEA Sales
- Baton Systems expands its CCP network by connecting to OCC
- Baton Systems wins “Best Settlement Initiative” for the second year running at the FX-Market e-FX Awards 2022
- Baton Systems recognised by Harrington Starr as one of The Most Influential Fintech Firms 2022
- Baton Systems’ wins award for its distributed ledger technology at the Sell-Side Technology Awards 2022
- LCH SA joins the Baton network, as the CCP connects to the Baton Core-Collateral® ecosystem.
- Baton Systems appoints Ronn Baker as Senior Director of North American Sales
- Baton Systems appoints David Ornstein as the company’s first COO
2021
- Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS
- Value of settlements facilitated by Baton Systems exceed USD$3.5 Trillion
- ICE Clear Europe becomes 5th major global CCP on the Baton network – joining LCH, CME, Eurex and SGX
- Baton Systems signs the July 2021 updated FX Global Code
- Baton Systems wins award for “Best Settlement Initiative” at FX Markets e-FX Awards 2021
- Baton Systems appoints Jerome Kemp as President and William (Bill) Coen and J. Christopher Giancarlo as Senior Advisors
2020
- Opening of Baton System’s London office
- Baton Systems wins FinTech Start-up of the Year in the Risk Awards 2020
2019
- First client goes live with Core-Collateral® solution
- Baton Systems raises USD$18 million in Series A investment round
- Baton achieves SOC 2 Type 2 certification
- Baton Systems voted Best Post-Trade Services Provider of the Year at FX Week e-FX Awards
- Baton Systems wins Best Distributed-Ledger (DLT) Project at Sell-Side Technology Awards
- Best Payment and Settlement Provider of the Year at the Central Banking Fintech and Regtech Global Awards
- Native integration to core market infrastructure providers begins, including CME and EUREX.
2017
- Opening of Baton’s Chennai, India office
- First customer deployment of Core-FX®, using shared ledgers and workflows for FX settlement
2016
- Baton Systems Founded
Meet Baton's Leadership Team
Baton’s experienced leadership team brings together Silicon Valley technologists and senior, seasoned capital market experts. Hover over the photos below to learn more about the team behind our post-trade solutions.
The Baton Senior Advisors
J. Christopher Giancarlo
J. Christopher (“Chris”) Giancarlo is a Senior Advisor at Baton Systems. He is the former and 13th Chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo was first nominated as a CFTC Commissioner by President Barack Obama and unanimously confirmed in June 2014. He was subsequently nominated as CFTC Chairman by President Donald Trump and again unanimously confirmed in August 2017. He departed the CFTC in July 2019 following the expiration of his five-year term.
Giancarlo is Senior Counsel to the international law firm Willkie Farr & Gallagher. He is also a co-founder of the Digital Dollar Project to advance the consideration of a U.S. central bank digital currency. In addition, Giancarlo serves as Chairman of the Board of Common Securitization Solutions LLC, a joint venture between Fannie Mae and Freddie Mac, and on the Advisory Board of the Chamber of Digital Commerce. Giancarlo also serves as an independent director of the American Financial Exchange, the sponsor of Ameribor and Ameribor Futures.
Before entering public service, Giancarlo served as Executive Vice President of financial services firm GFI Group Inc., leading its initial public offering, and as Executive Vice President and U.S. Counsel of Fenics Software. He also served as Chairman of the French American Academy. Previously, he practiced law in New York and London as a partner in the law firms of Brown Raysman Millstein Felder & Steiner and Giancarlo & Gleiberman, and as an associate with Curtis, Mallet-Prevost, Colt & Mosle.
Bill Coen
Bill Coen served as Secretary General of the Basel Committee on Banking Supervision from 2014 to 2019. The Basel Committee is the international group of central bankers and banking supervisors responsible for setting global bank regulatory standards.
As Secretary General, Bill directed the work of the Basel Committee and managed its Secretariat. He chaired the Basel Committee’s Policy Development Group, which developed and recommended the “Basel III” post-crisis reforms for endorsement by the Basel Committee and its governing body. He also chaired the Committee’s Task Force on Corporate Governance and the Coherence and Calibration Task Force. Prior to his appointment as Secretary General, Bill served as Deputy Secretary General. Appointed to that role in 2007, his responsibilities focused on the Committee’s response to the global financial crisis, including coordinating the various Basel III policy initiatives.
Bill joined the Basel Committee’s Secretariat in 1999 from the Board of Governors of the Federal Reserve System in Washington DC. Before joining the Federal Reserve, he was a bank examiner for the US Office of the Comptroller of the Currency. Bill began his career as a credit officer of a New York City-based bank.
Bill serves on the board of directors of China Construction Bank, a global systemically important bank, and is a Senior Advisor for Baton Systems, a Silicon Valley-based fintech firm that provides payment and settlement solutions for financial institutions. He chairs the IFRS Foundation’s Advisory Council, which provides a forum for the IFRS Foundation and the International Accounting Standards Board (IASB) to consult a wide range of interested parties affected by the work of the Foundation and IASB. Bill serves as Vice Chair of Reference Point, a US-based financial services consultancy, and is a member of the board of directors for the Toronto Leadership Centre, an international organization that promotes financial stability and financial inclusion globally by providing practical training to financial sector regulators and supervisors, particularly in emerging markets and low-income countries. Bill is also the Chief Regulatory Advisor for Suade Labs, a London-based regtech firm, and a member of the Bretton Woods Committee. He is a native of New York City and received his Master of Business Administration degree from Fordham University (1991) and Bachelor of Science degree from Manhattan College (1984).
Jerome Kemp
Jerome Kemp was appointed Senior Advisor of Baton Systems in August 2023. Prior to his current tenure, Jerome was an Independent Consultant and President to the company.
Jerome brings over 35 years’ experience in capital markets. Previously, Jerome held the position of Global Head of Futures, Clearing and Collateral at Citi, with his responsibilities expanding in 2018 to cover the bank’s FX Prime Brokerage business. During this time, Jerome built the cleared derivatives business to a position of global leadership. He also spent 18 years at J.P. Morgan, where he rose to Global Co-Head of the Futures and Options and OTC Clearing business.
Jerome was also Chair of the Futures Industry Association Board from 2018 until 2020. He holds a BA from Brandeis University and a Master’s degree from Columbia University’s School of International and Public Affairs.
CAREERS
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We are growing quickly because of strong, global demand for our solutions. Our customers include Global Tier 1 banks. We are an award-winning technology company, with diversity, innovation and excellence at our heart.
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