Outsmarting rogue traders

ELECTRONIC CURRENCY TRADING

Allfirst’s $700 million currency trading loss taught some old lessons. Currenex’s Jim Kleckner argues that electronic trading platforms are the best defence against errant traders

Many people perceive the value of electronic foreign exchange (e-FX) platforms as lying mainly in the straight-through processing (STP) of trade data. STP’s elimination of manual steps certainly lowers costs, but there is a potentially much more important benefit -- the reduction of operational risk. Here we take a

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Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

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