Nex Optimisation rolls out settlement-netting service

The industry gains the first fully automated settlement-netting offering for over-the-counter FX

Automated workflow: participants will gain a complete view of, and control over, the payments preparation process for net and gross trades

Nex Optimisation announced on July 3 that it has launched the first fully automated settlement-netting service for over-the-counter foreign exchange, with plans to expand it to other asset classes in the future.

The service is expected to streamline the bilateral settlement-netting process through automation, removing the manual method that takes place between clients and their dealers. This is achieved by applying an application programming interface (API) to communicate seamlessly with the sy

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