Life @BatonSystems
Life @BatonSystems
Interested in finding out what it's like working at Baton? Please find below just some of the activities and events that our amazing team members have participated in over recent months.
FIA EXPO, Chicago - Nov 22
We were thrilled to attend FIA EXPO in Chicago again this year. Our Founder and CEO – Arjun Jayaram, President – Jerome Kemp, Senior Director of North American Sales – Ronn Baker, and Head of Business Development and Client Success – Tucker Dona, attended. We also exhibited at this important global gathering for the derivatives community, which provided a great opportunity to catch-up with existing clients and meet with new contacts across the industry.
Baton's UK team expansion - Nov 22
We were delighted to welcome our new joiners, Igor Gnyp, Director of Finance, Alistair Griffiths, Director of EMEA Sales, and Narcis Dimuleasa, Marketing Manager, to the Baton family and continue our growth.
Singapore cocktail party - Nov 22
In November, our President, Jerome Kemp, and Global Head of Sales, Alex Knight, caught up with old and new industry friends in Singapore. We were delighted to co-host a great cocktail party to kick-off Singapore Fintech Festival week with Illuminate Financial, Cloudwall, Copper.co, Notabene, and Talos.
Joining BNY Mellon's Singapore fintech panel session - Nov 22
Our President, Jerome Kemp, was invited by BNY Mellon to join a panel discussion at their Singapore offices discussing financial market infrastructure and the benefits of strong collaboration between banks and the fintech community. We were thrilled to participate and join industry leaders to debate this interesting topic during Singapore Fintech Festival week.
SIBOS, Amsterdam - Oct 22
We were delighted that our Founder and CEO, Arjun Jayaram, was invited to speak at SIBOS – an event that brought together more than 10,000 participants in Amsterdam. Arjun Joined a discussion with industry leaders from Microsoft, Bain & Company, Citi, State Street and CLS Group to explore how FX should evolve in a world transforming the way it moves value. Arjun provided an interesting perspective, including explaining how T+0 settlements are not only possible, but here at Baton we have been providing Payment vs Payment (PvP) settlements on a T+0 basis for 3+ years.
Baton's college visits - Aug & Sept 22
During August and September, our recruitment team visited 3 colleges in-person and met virtually with participants at a 4th institute. We welcomed over 1,000 fresh minds to learn about Baton Systems, received applications from over 600 participants and were thrilled to offer places to 40+ fantastic applicants!
Our Founder and CEO, Arjun Jayaram, visits Baton's India office - Aug 22
After a 2 year lockdown induced break, our Founder and CEO was delighted to be back visiting our Chennai office reconnecting with existing colleagues and meeting new joiners in-person. Much fun was had by all across 4 days of valuable face-time, team building activities, food and games.
Our Chennai office reopens - May 22
Baton‘s India team celebrated the reopening of our Chennai office with a team lunch – providing an opportunity for new joiners to meet their colleagues in-person.
"The people at Baton are friendly, enthusiastic and innovative - these are some of the best people I’ve worked with."
– Ragu Raymond, Director of Business Development and Client Success, Baton Systems
Core-Liquidity
Core-Liquidity™
Transfer asset ownership, in real-time, on-demand, 24/7.
With Core-Liquidity™ we’re solving the old money problems associated with controlling and tracking the movement of funds with the best in new, ledger technology. Core-Liquidity, allows asset ownership to be transferred in real time, on demand, 24/7, in a legally enforceable way. It’s programmable money on existing payment rails.
Welcome to Baton. Post-Trade. Redefined.
Minimise liquidity usage and funding costs
It’s challenging to track and balance liquidity between entities and some firms find themselves crossing large spreads on interest payments and charges when they’re actually sufficiently funded to avoid these costs.
Core-Liquidity facilitates real-time, friction-free cash movements between accounts. Providing real-time reporting and smart workflows that allow you to optimise the netting and sequencing of cash movements, so they can be matched to your firm’s binding constraints.
Core-Liquidity: Transfer asset ownership in real-time
Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Liquidity.
Baton's Core-Liquidity is a solution based around a set of wallets that are used to share an underlying cash account with a nostro bank, allowing for real-time frictionless movements of cash.
Watch this video to learn more about Baton Core-Liquidity
THESTATISTICS
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THE PLATFORM
Changes of ownership controlled by your configurations and instructions
The Baton ledger reflects the allocation of asset ownership across a range of sub-accounts or wallets. Changes of ownership are driven through smart workflows, according to the configuration and instructions that you determine.
They’re completely flexible- and enforced by a robust rulebook, ensuring irreversibility and enabling you to achieve settlement finality.
BENEFITS:
Improved Liquidity
See huge improvements in the use of liquidity, at the firm level, with lower funding and capital costs.
Improved Control
Gain real-time reporting and control over the movement of funds between your affiliates.
Improved Performance
Reduce the operational and third-party costs associated with internal cash transfers.
See Baton Core™ in Action - Book a Demo with our team Today!
Core-Liquidityat a Glance
Further reading, reference material, white papers and industry articles.
Learn about Baton's CORE solutions for FX Settlement, Payments and Collateral Management
Core-FX™
Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.
Core-Payments™
Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.
Core-Collateral™
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.
Core-Collateral
Core-Collateral™
Clearing firms post billions of dollars across CCP’s, how it’s handled has a massive impact on profitability. With rising interest rates, it’s more important than ever to ensure your firm isn’t leaving money on the table.
Core-Collateral™ enables FCMs and Custodians to automate and optimise collateral management, and expedite the movement of cash and securities across the major CCPs.
Welcome to Baton. Post-Trade. Redefined.
Increase operational and financial efficiency.
Improve Net Interest Income.
Gain real-time visibility and control.
Baton’s Core-Collateral solution enables FCMs to overcome the operational burden of manually-intensive and time-consuming collateral management processes.
With Core-Collateral, firms can improve decision making with intraday visibility of their margin obligations, collateral posted and assets available for use.
Be automatically alerted to changes, introduce zero-friction end-to-end workflows for cleared derivatives and configurable rules to optimise allocation.
Then accelerate productivity with the ability to directly connect to the major CCPs and instruct multiple cash and security pledge and recall movements via a single, consolidated interface.
Latest Announcements:
BNY Mellon and Baton Systems announce collaboration to deliver enterprise collateral optimisation solution
Baton Systems adds LCH SA to its expanding CCP network
Core-Collateral: Automation & optimisation
Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Collateral.
Baton's Core-Collateral solution gives clearing firms real time visibility and control by providing direct, real time interfaces with the main CCPs and custodians.
Watch this video to learn more about Baton Core-Collateral
THESTATISTICS
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THE PLATFORM
Avoid inefficient or excessive collateralisation by monitoring and acting on evolving CCP requirements in real-time
Core-Collateral allows you to make more informed decisions with access to real time, normalised and aggregated data directly from the major CCP's.
With Core-Collateral you can automate the delivery or recall of assets, according to completely configurable predefined rules to optimise allocation.
Rules and alerts run continuously, allowing for real time identification, notification (and remediation) of inefficiencies or potential points of stress.
BENEFITS:
Improved Control
Increase financial and operational efficiency with real-time visibility and control.
Improve Net Interest Income
Implement decisions quickly and ensure the collateral you post is working as efficiently and effectively as possible.
Improve Financial Efficiencies
Redefine the collateral management process to reduce operational costs, increase capacity and efficiencies.
See Baton CORE™ in Action - Book a Demo with our team Today!
Core-Collateralat a Glance
Further reading, reference material, white papers and industry articles.
Learn about Baton's CORE solutions for FX Settlement, Liquidity and Payments Management
Core-FX™
Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.
Core-Liquidity™
With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.
Core-Payments™
Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.
Core-Payments
Core-Payments™
Complete control of payments and settlements, across business silos.
Core-Payments™ uses business-defined rules that means a payment won’t be made simply because of its position in a queue - but because the intelligence signifies its the right time to do so.
Welcome to Baton. Post-Trade. Redefined.
Transforms payments without imposing new technology on your counterparties
It starts by automating and simplifying the process of agreeing netted settlement amounts. This reduces operational pressure and the risk of errors. We automatically reconcile inbound payments as they are received. This allows a calculation of real time settlement risk exposure, as well as a clear view of current and forecast funding requirements at the currency level.
BLOG POSTS
Post-trade operational risk challenges and how Baton is enabling firms to overcome them
The benefits of automated, bilateral netting integrated with on-demand PvP settlement
Avoid nostro overdrafts with effective liquidity management
Core-Payments: Delivering control & visibility
Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Payments.
Baton Core-Payments, a solution which uses business-defined rules to give users complete control over their payments and settlements, across business siloes.
Watch this video to learn more about Baton Core-Payments
THESTATISTICS
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THE PLATFORM
Hold or release payments based on your choice of configurations
Core-Payments is highly scalable and can be integrated seamlessly and non-intrusively with your legacy systems and processes. So implementation is a quick and easy process.
We’ve done the work so you don’t have to.
See Baton CORE™ in Action - Book a Demo with our team Today!
Core-Paymentsat a Glance
Further reading, reference material, white papers and industry articles.
Learn about Baton's CORE solutions for FX Settlement, Liquidity and Collateral Management
Core-FX™
Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.
Core-Liquidity™
With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.
Core-Collateral™
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.
BENEFITS:
Never Breach
Avoid ever breaching limits or paying against a failing counterparty.
Never Overdraw
Manage nostros with a level of control, avoiding expensive overdrafts or failed settlements.
Never Worry
And you can do all this with reduced manual input, increased efficiency and productivity.
Core-FX
Core-FX™
DLT powered, Real-time PvP Settlement with no Pre-Funding
Core-FX: Now being used in a live production environment everyday to risklessly settle FX transactions by some of the world’s largest financial institutions
Actionable, automated, bilateral netting and PvP settlement extended across all currencies and counterparties
Reduce FX settlement risk. Improve intraday liquidity. Build with optionality
FX is changing. FX settlement risk is gaining growing regulatory attention, market volatility and cost pressures continue to increase, whilst corridors offering emerging market opportunities remain inaccessible. These factors compete for attention as banks prepare for 24/7 trading, T+5 min settlement and the need to process and settle the new universe of digital assets now firmly on the horizon.
The industry’s innovators are now exploring Core-FX, built using interoperable distributed ledger technology (DLT), as a practical and flexible solution. With Core-FX banks can really take control with greater transparency and unfettered access to more secure and efficient FX settlement processes.
The result: With Core-FX firms can achieve improved risk, liquidity, funding and credit management today. Along with using technologies that will provide much needed optionality as they build the bank of 2030.
See Baton Core-FX™ in Action - Book a Demo with our team Today!
BLOG POSTS
No tokenisation required: DLT-based PvP settlement
Settling FX trades without netting - the liquidity implications
How using commercial bank money is accelerating and democratising market access to PvP settlement
The opportunity to settle now - Intraday FX swaps
Core-FX: Take control with real-time riskless interbank settlement with no pre-funding
Baton’s Alex Knight, Head of EMEA, introduces and demos Core-FX, Baton’s PvP settlement solution, designed to reduce FX settlement exposure.
Core-FX puts you in the driving seat, with full control, you’re able to achieve settlement finality, with access to a choice of payment and netting strategies. You can settle multiple times a day, choose what you net or settle gross, whether you split payments and the time you settle.
And there’s no pre-funding: You fund when you choose to settle and complete the settlement process in less than 3 minutes – so your assets are not tied up unnecessarily.
Watch this video to learn more about Baton Core-FX
THESTATISTICS
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Latest Announcements:
Baton Systems wins “Best Settlement Initiative” at the FX Markets e-FX Awards for the second year running
Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS
Wells Fargo and HSBC Establish Bilateral Agreement to Settle FX Transactions Through a Blockchain-based Solution
THE PLATFORM
Immediate and on-demand, secure PvP settlement for real assets, held in real accounts at commercial banks
Governed by the Baton Rulebook, Core-FX extends the benefits of PvP settlement across all currencies (including emerging market currencies) and counterparties – enabling banks to take control and settle transactions on-demand and immediately with settlement finality. With Core-FX:
- FX settlement processes that previously took 24 hrs can be completed in 3 minutes
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FX settlement participants can choose how and when they net, or if they want to settle in gross, with access to automated configurable payment netting processing (both the calculation and agreement of netted values) and the safe settlement of those netted values.
- FX settlement participants can pre-agree when they settle and do so multiple times a day – without the liquidity and funding constraints pre-funding introduces
- FX settlement participants can align settlement timeframes with corresponding liquidity events – allowing for more effective use of funding
- Previously opaque processes can be monitored with full transparency and, because we use DLT technology, with a single source of truth
- Nostro accounts can be managed with full transparency enabling improved intraday liquidity usage
All of which can be achieved without the need to immediately replace existing systems, processes and communication rails.
Core-FXat a Glance
Further reading, reference material, white papers and industry articles.
Learn about Baton's CORE solutions for Liquidity, Payments and Collateral Management
Core-Liquidity™
With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.
Core-Payments™
Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.
Core-Collateral™
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.
BENEFITS:
Reduce Settlement Risk
On-demand and immediate access to PvP settlement and automated netting facilities
Reduce Costs
Lower intraday liquidity usage, reduce overdraft fees and the need for credit facilities.
Real-Time Acces
Settle FX trades in under 3 minutes and gain immediate access to the funds that you are due to receive.