Publications
Real time FX PvP Settlement coming in 2021
Arjun Jayaram, CEO of Baton Systems, sat down with Bill Hodgson at The OTC Space to discuss Baton’s goal to achieve real time FX PvP settlement in 2021, and how the Baton platform integrates into the existing market infrastructure.
How machine learning and AI will speed the evolution of the ‘virtual trading floor’
As part of this year’s Financial News’ Trading and Technology Awards, Baton’s CEO Arjun Jayaram shared his thoughts with Clare Dickinson about how the accelerated adoption of emerging technologies, such as cloud and DLT, will evolve the trading landscape.
Upgrading FX payments systems to reduce risk without causing disruption
In e-Forex Magazine’s April 2021 edition, Arjun Jayaram, CEO and Founder of Baton Systems, outlines how FX payments systems need to be upgraded to reduce risk, deliver faster settlements and lower costs, while remaining compliant with global regulatory standards.
Considering alternative ways to settle FX transactions - Finding a role for FX Fintech
In e-Forex Magazine’s Autumn 2020 supplement, Arjun Jayaram, CEO and Founder, explores how the financial industry can combat FX settlement risk through alternative ways to settle FX transactions, and the role emerging technologies play in reducing settlement risk.
Clearing the Final UMR Hurdles – Custodians and Sell-Side Provided Solutions
From DerivSource: Although the next wave of entrants impacted by the Uncleared Margin Rules (UMR) were granted a bit more breathing space to prepare, the challenges of implementing collateral management solutions should not be underestimated. Custodians, vendors and sell-side firms are rolling out solutions to help ease the pain….
JP Morgan, on the other hand, has recently joined forces with Baton Systems to develop a Distributed Ledger Technology (DLT) – based platform that helps automate derivatives margin payments…
Illuminate Rounds Out Baton Systems Funding with $4m Investment
Exclusive from Waters Technology: Venture capital firm Illuminate Financial has made a $4 million investment in Baton Systems, rounding out the start-up’s $16 million funding total. Baton, a provider of distributed ledger-based clearing and settlement technology, will use the investment to expand into EMEA, and beyond. Baton has already received investments from three Silicon Valley-based VC firms: Trinity Ventures, Alsop Louie, and Commerce Ventures.
Baton wins Best Payment and Settlement Technology Provider 2019
Baton Systems wins Best Payment and Settlement Technology Provider in the 2019 Fintech and Regtech Global Awards
From Central Banking: In January 2016, the Bank of England (BoE) announced it would develop a blueprint to modernise the UK’s Real-Time Gross Settlement (RTGS) system in response to changing needs. Two years later, the UK’s central bank has completed several proofs of concept to understand how a renewed RTGS could support settlement in systems operating on innovative payment technologies. One of the firms the BoE partnered with was Baton Systems.
Baton Systems raises $12 million for blockchain-inspired bank payments infrastructure
From VentureBeat: Baton Systems, a three-year-old Fremont, California-based provider of bank-to-bank payments infrastructure modeled on blockchain technology, today announced that it’s raised $12 million in series A funding from Trinity Ventures, with participation from Alsop Louie and Commerce Ventures.
Baton Systems voted Best post-trade services provider of the year at the 2019 FX Week e-FX Awards
With a payment solution that supports more than a billion events a day, Baton Systems has attracted multiple banks and central counter-parties to its platform, which settles $12 billion daily. Now it plans to branch out into interbank trades, foreign exchange prime brokerage (FXPB) and solutions for the buy side.
Risk.net: Isda backs regulatory push on derivatives data project
Risk Live: Common standards for trade reporting should be mandatory, argues senior industry representative.
Financial authorities should force markets to adopt a single format for transaction reporting, a senior figure at the International Swaps and Derivatives Association has said. The call comes as Isda promotes its own data standardisation project, the common domain model (CDM).
In the panel discussion at Risk Live, Baton’s CEO Arjun Jayaram warned, however, “We shouldn’t wait for a perfect solution.”