Baton News

With ICE integration complete by Baton, clearing firms will be able to automate collateral management across 5 Major CCPs, together comprising more than 73% of margin, placed by U.S. registered FCMs¹.

We are pleased to announce that Baton Systems (“Baton”), the market solution transforming asset movements and settlements, won ‘Best Settlement Initiative’ at the FX Markets e-FX Awards 2021. The award was presented at FX Markets USA on July 27th.

Baton Systems today became a signatory to the updated FX Global Code, underscoring its commitment and support to firms keen to eliminate settlement risk by enabling real time, payment-versus-payment (PvP) settlement for all market participants.

Baton Systems (“Baton”), a provider of post-trade solutions for capital markets, has named as Senior Advisor the Honorable J. Christopher (“Chris”) Giancarlo former Chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo’s distinguished background will play a key role in supporting Baton’s mission to transform the post-trade payments and settlements ecosystem. 

Baton Systems has appointed Aaron Ayusa as Director of Client Success. In this role, he will work closely with customers to help solve FX-related issues and develop bespoke FX products. He will report directly to Baton’s Head of Business Development, Tucker Dona.

Baton Systems (“Baton”), a provider of post-trade solutions for capital markets has appointed Jerome Kemp, global futures industry leader and former Global Head of Futures, OTC Clearing, and FX Prime Brokerage at Citi as Senior Advisor. Kemp will bring his deep expertise in cleared derivatives and OTC clearing to Baton as the company accelerates its position to deliver a fully end-to-end FX settlement ecosystem.

Few in the markets and banking business will argue with the notion that streamlining operations through removal of manual processes and reduction of settlement risk is a worthy goal.