Tech briefs
BNP automates FX for custody
BNP Paribas Securities Services, the custody division of BNP Paribas, has implemented TradeFlow from Atlanta-based Checkfree Financial in London to automate the processing of clients’ FX transactions. This is the first stage of a process to use the system globally across asset classes.
TradeFlow was implemented on a single server, which clients access for trade confirmations and settlements. Gert Raeves, business development director at Checkfree, said the custodian is
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