As the FX market prepares to move from a T+2 settlement cycle to T+1, buy-side firms are facing increasing concerns about settlement risk. Alex Knight, Head of Global Sales and EMEA at Baton Systems, says that Baton’s Core-FX service can help buy-side firms to mitigate settlement risk by providing a secure and transparent way to track and settle trades in real-time. “With Core-FX, there is no cut-off window,” Knight said. Instead, users can see when they have hit a given risk threshold of bilateral netted trades and then initiate settlement within three minutes.
