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 […]
Tag: Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation
Japanese corporation Mitsui & Co has become the first corporate to join CLS Settlement via third party access, the firm is now settling its FX transactions via Sumitomo Mitsui Banking Corporation (SMBC).
CLS says Mitsui & Co’s participation “marks a significant milestone for the Japanese FX market and highlights the continued growth in CLS third-party users in Japan”.
“Large corporations are increasingly looking for effective, robust and sustainable solutions to enhance how they manage risks, cash management, liquidity demands and efficiencies in their multicurrency operations,” says Rachael Hoey, head of Asia at CLS.