e-Forex Magazine | Features | Tracking new developments in currency derivatives processing


Frances Maguire

Tracking new developments in currency derivatives processing

First Published in e-Forex Magazine January 2010

Frances Maguire

Increasing numbers of banks, asset managers, pension funds, hedge funds, and corporates are looking to ramp up their use of currency derivatives, both for hedging purposes as well as a component of their fund and investment management strategies. Although great strides have been made in automating much of the processing and workflow associated with Over The Counter derivatives, much still remains to be done, particularly with regard to cost savings and risk management.

Share |

Much has been achieved in attaining straight through processing for vanilla FX products and options, and now with volumes increasing the focus is one cost efficiency, and cost per trade, and the smooth operations of processing so that exceptions are managed efficiently. The recent crisis has not only made banks focus on the operation risk of failed trades, but also reputational risk, where failed trades can impact credit and counterparty risk management.

Magazine articles in HTML format on this website are only available to current paid subscribers so unless you are a current subscriber you will not be able to read any more of this article. However, e-Forex has now made all flash and pdf versions of the magazine freely available to registered users so you can still access and view this article in full. Please sign in above and register your contact details and then these versions of the magazine can be found here: http://www.e-forex.net/Digital+Versions.efx

If you have already registered but still cannot access these versions you may need to upgrade your existing account.Please use the link below to upgrade your account which will give you free access to these versions of the magazine.

click here to upgrade your account