Baton News

At Treasury 360 Stockholm, Arjun Jayaram, CEO and Founder, explains how the market volatility of 2020 has driven the need for real-time access and movement of assets and why SaaS-based, secure solutions are the systems of the future to help drive speed and efficiency. Watch the full panel discussion below.

Baton Systems, a provider of post-trade systems for capital markets, has named Phil Corryn as its Director of Sales for North America. He’ll be responsible for driving revenue in North America with an initial focus on the major banks and their clearing entities. He will report directly to Baton’s Head of Global Sales and EMEA, Alex Knight.

Cobalt, the foreign-exchange (FX) and digital asset infrastructure provider announced that it has entered a partnership with Baton Systems, the provider of post-trade solutions for capital markets. Under the agreement Baton’s payments infrastructure will be combined with Cobalt’s middle office platform to provide a seamless end-to-end FX settlement solution. Leveraging the strengths of each award-winning system will reduce risk while increasing speed and efficiency for the industry.

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.

In March, we were confronted with a stark reminder of the challenges banks face during periods of extreme volatility, as customers drew down on agreed credit facilities, and risk weighted assets (RWA) and associated capital requirements rose.