Tag: SMBC

Sumitomo Electric Joins CLS Settlement

Sumitomo Electric Industries (SEI) has become the first Japanese manufacturing company to access CLS Settlement as a third-party participant. The company is settling its FX transactions via its third-party service provider, Sumitomo Mitsui Banking Corporation (SMBC), supported by Bloomberg’s FX Confirmation Matching Service (CMS) post-trade processing technology. CLS says that SEI’s participation “marks a significant […]

Sumitomo Picks Kx for e-FX Platform

Kx, a division of First Derivatives, has been selected by Sumitomo Mitsui Banking Corporation (SMBC) to build and manage its next generation e-FX platform. Under a multi-year agreement, Kx will provide SMBC and its clients with a solution that delivers electronic execution, distribution capabilities, algorithmic trading and risk management supported by real-time pre– and post-trade […]