Investment and portfolio management technology vendor SimCorp has added full foreign-exchange (FX) netting functionality to its Dimension platform.
In partnership with FX Connect, the addition of FX netting aims to create an automated end-to-end FX execution process by enabling blocking, netting and subsequent compression of large, multi-currency, multi-value date blotters.
"Buy-side firms using SimCorp Dimension are generally looking for a simple setup with smooth, highly integrated and automated workflows across the system," said Brent Rossum, director of front-office product management at SimCorp, in a statement. "The enhanced partnership with FX Connect is yet another step in that direction, enabling efficient processing of FX trades via a market-leading execution venue."
At the beginning of August, SimCorp rolled out the second of its annual upgrades to the Dimension platform, featuring new modules for reconciliation management and fixed-income performance attribution, among others.
Dan and Anthony talk about how technologists—and traders—are portrayed in TV and on the big screen, and just how accurate those portrayals are.Subscribe to Weekly Wrap emails