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SimCorp Adds Netting Capabilities Via FX Connect

SimCorp says it has enhanced its partnership with FX Connect to
provide SimCorp Dimension users with full foreign exchange netting

SimCorp leverages FX
Connect’s cross-currency netting capabilities to enable its clients to block,
net and subsequently compress large, multi-currency, multi-value date blotters.

With integration to
the order manager module of Dimension, SimCorp’s clients can access an
automated end-to-end FX execution process, which allows them to create
operational efficiencies while at the same time reducing trading costs.

“Buy-side firms using
SimCorp Dimension are generally looking for a simple setup with smooth, highly
integrated and automated workflows across the system,” says Brent Rossum,
director, front office product management at SimCorp.. “The enhanced
partnership with FX Connect is yet another step in that direction, enabling
efficient processing of foreign exchange trades via a market-leading execution

Lora Britko, managing
director and head of FX Connect, adds, “Increasingly so, our shared clients are
looking for ways to increase efficiencies and reduce costs associated with FX
execution. Our integration with SimCorp Dimension coupled with our proprietary
technology means that mutual clients have access to unrivalled automation and
execution flexibility.”

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Colin Lambert

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