BidFX announced its integration to Finastra’s Fusion Confirmation Matching Service (CMS), ensuring capabilities right through from execution to settlement for mutual clients. BidFX is an execution management system designed for the FX market.
BidFX CRO, John McGrath, said in a statement: “As eFX 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, said in a statement: “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.”
Claire Clarke, senior sales manager at Finastra, said in a statement: “This end-to-end workflow for BidFX via our CMS solution increases straight-through processing and reduces operational risk for our mutual customers.”