Banque Paribas Signs Up For Echo Hard On Heels Of Norwegian Banks
DEALING & NETTING
Officials at the Exchange Clearing House (Echo) announced last week that Banque Paribas has signed a letter of intent to join the FX multilateral netting group. The Paribas decision to join comes shortly after two Norwegian banks, Christiana Bank and Den norske Bank, signed up for the service (FXW, January 8).
A Paribas spokesperson says that the bank has been looking at Echo since it started operations in August and that it agrees with the principles behind Echo. The move of Paribas's FX
More on Post-trade
FX options: rising activity puts post-trade in focus
A surge in electronic FX options trading is among the factors fuelling demand for efficiencies across the entire trade lifecycle, says OSTTRA’s commercial lead, FX and securities
Three go live on Cobalt’s shared FX ledger
Technology provider aims to reduce trade reconciliations for Deutsche, Saxo and XTX
Seed CX partners TradAir for OTC trade settlement
Tie-up enables TradAir customers to leverage services of Zero Hash subsidiary
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Virtu completes $1bn ITG acquisition
Firm will supplement its current management with existing ITG leadership globally
IHS Markit partners Cobalt for post-trade
Cobalt’s platform now connects to MarkitServ’s network of counterparties
