BidFX Integrates Finastra Fusion

Execution management system BidFX has been integrated into Finastra’s Fusion confirmation matching service to automate workflow for mutual clients.

The move was welcomed by one such client, Jacques Delaunay-Driquert, FX trader at VARO Energy, who says, “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.”

BidFX, which is owned by Singapore Exchange, recently introduced the capability for clients to connect to clearing services via Osttra

“Partnering with a market leader like Finastra to offer increased workflow benefits for mutual clients is a win/win project for all parties,” says John McGrath, chief revenue officer at BidFX. “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.”

Claire Clarke, senior sales manager at Finastra, adds,  “Offering more choice to our customers in this way aligns perfectly with our marketplaces strategy. This end-to-end workflow for BidFX via our CMS solution increases straight-through processing and reduces operational risk for our mutual customers.”