Media & Industry News
BidFX and Finastra partner to offer automated trading workflow
NEW YORK / LONDON / SINGAPORE, March 15, 2022 – BidFX, a leading execution management system designed for the 6.6 trillion daily FX market, is pleased to announce its integration to Finastra’s Fusion Confirmation Matching Service (CMS), ensuring capabilities right through from execution to settlement for mutual clients.
BidFX Chief Revenue Officer, John McGrath, commented, “Partnering with a market leader like Finastra to offer increased workflow benefits for mutual clients is a win/win project for all parties. As e-FX markets become more sophisticated and workflow-based projects become paramount to generating alpha we are happy to work with innovators such as Finastra and the clients they service.”
Jacques Delaunay-Driquert FX Trader at VARO Energy commented, “The Finastra integration with BidFX increases the automation capacity for a trading platform, without requiring customer resources. BidFX is now increasing its automation for cutting-edge Treasuries like VARO to help integrate front-office to back-office workflow.”
“We’re delighted to have integrated with BidFX, adding another electronic trade execution partner to our portfolio. Offering more choice to our customers in this way aligns perfectly with our marketplaces strategy,” commented Claire Clarke, Senior Sales Manager at Finastra. “This end-to-end workflow for BidFX via our CMS solution increases straight-through processing and reduces operational risk for our mutual customers.”
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.
VARO Energy (“VARO”) is a leading energy transition company operating throughout the complete fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality fuels from conventional and renewable sources to its national and international business customers and end-consumers. The company owns manufacturing assets in Cressier, Switzerland, a majority share in the Bayernoil refinery, Southern Germany, as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland. VARO Energy owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) and a 49.5% share in E-Flux, a leading provider of electric vehicle charging software. For more information about VARO, please visit www.varoenergy.com.