Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
The post-trade foreign exchange space has been subject to somewhat of an upheaval lately with the introduction of digital-ledger technology in the reconciliation of trades and the removal of secondary submission for over-the-counter trades intended for clearing.
Mirroring the practices established under Dodd-Frank for swaps, Nex Optimisation is now making it possible – through its Reset risk mitigation service – for FX dealers to flag up trades for automatic submission to a clearing house
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