Logiscope partners with TwoFour for FX Post Trade
- Logiscope a leading player in deal notification and integration for financial markets has formed a partnership with TwoFour a global technology solutions provider for financiall institutions in capital markets. The partnership enhances the renowned TradeSTP product developed by Logiscope for the institutional FX markets.
Logiscope a leading player in deal notification and integration for financial markets has formed a partnership with TwoFour a global technology solutions provider for financiall institutions in capital markets. The partnership enhances the renowned TradeSTP product developed by Logiscope for the institutional FX markets.
TradeSTP is one the most sophisticated cross asset deal notification technology available. Deals contributed to TradeSTP are delivered to end users via a secure, fully-hosted distribution architecture that supports 'one to one' and 'one to many' connectivity options, ensuring efficient and comprehensive post-trade STP.
The collaboration works effectively for both companies mutual client base. Trades are executes on TwoFour interfaces regardless of the message format thus ensring speed and uniformity as TwoFours back office takes delivery. TwoFours system can take greater control in credit utilisation and processing of the post trade workflows. The system operates on a wide raneg of FX product types including Spot, Forwards, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and NDF's.
The Post Trade element has been problematic for FX trades as settlement and counterparty risk have been key factors affecting the process. Furthermore to a trades life cycle in FX has come under much pressure.
Logiscopes service for Retail Aggregators provides post trade connectivity to their central Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term partner (large banks or prime brokers) in addition to ticket compression. The processing cost of small tickets has been a challenge for both technology vendors and FX brokers as the retail flow is geared towards small ticket sizes however the processing costs for small trades are costly. Logiscopes service aggregates the tickets (individual including micro 1,000 units and mini 10,000) either over a time period or notional amount, an additional point is that the mass (excess retail flow) tickets need to be matched against the prime brokers figures. Under CLS rules these trades cannot be netted, therefore Logiscopes functionality aggregates all the buy and sell tickets separately.
Logiscope was acquired by MarkitServe a market leader in processing of OTC derivatives transactions earlier this year, thus offering advanced post trade facilities for Markit clients.
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Logiscope a leading player in deal notification and integration for financial markets has formed a partnership with TwoFour a global technology solutions provider for financiall institutions in capital markets. The partnership enhances the renowned TradeSTP product developed by Logiscope for the institutional FX markets.
TradeSTP is one the most sophisticated cross asset deal notification technology available. Deals contributed to TradeSTP are delivered to end users via a secure, fully-hosted distribution architecture that supports 'one to one' and 'one to many' connectivity options, ensuring efficient and comprehensive post-trade STP.
The collaboration works effectively for both companies mutual client base. Trades are executes on TwoFour interfaces regardless of the message format thus ensring speed and uniformity as TwoFours back office takes delivery. TwoFours system can take greater control in credit utilisation and processing of the post trade workflows. The system operates on a wide raneg of FX product types including Spot, Forwards, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and NDF's.
The Post Trade element has been problematic for FX trades as settlement and counterparty risk have been key factors affecting the process. Furthermore to a trades life cycle in FX has come under much pressure.
Logiscopes service for Retail Aggregators provides post trade connectivity to their central Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term partner (large banks or prime brokers) in addition to ticket compression. The processing cost of small tickets has been a challenge for both technology vendors and FX brokers as the retail flow is geared towards small ticket sizes however the processing costs for small trades are costly. Logiscopes service aggregates the tickets (individual including micro 1,000 units and mini 10,000) either over a time period or notional amount, an additional point is that the mass (excess retail flow) tickets need to be matched against the prime brokers figures. Under CLS rules these trades cannot be netted, therefore Logiscopes functionality aggregates all the buy and sell tickets separately.
Logiscope was acquired by MarkitServe a market leader in processing of OTC derivatives transactions earlier this year, thus offering advanced post trade facilities for Markit clients.