BidFX Partners with Finastra to Offer Automated Trading Workflow

BidFX, a leading execution management system designed for the 6.6 trillion daily FX market, has announced its integration to Finastra's Fusion Confirmation Matching Service (CMS), ensuring capabilities right through from execution to settlement for mutual clients.

BidFX Chief Revenue Officer, John McGrath, commented:"Partnering with a market leader like Finastra to offer increased workflow benefits for mutual clients is a win/win project for all parties. As e-FX 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 commented:"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."

"We're delighted to have integrated with BidFX, adding another electronic trade execution partner to our portfolio. Offering more choice to our customers in this way aligns perfectly with our marketplaces strategy,"commented Claire Clarke, Senior Sales Manager at Finastra."This end-to-end workflow for BidFX via our CMS solution increases straight-through processing and reduces operational risk for our mutual customers."