Operations + Technology
DEPARTMENTS
by Daniel Safarik
Voice Brokers Fire Back
Reuters and EBS have been siphoning market share from foreign exchange brokers for the better part of a decade. Now the three largest brokers are finally starting to get traction with Direct Deal Notification, a proprietary system that automates the post-trade process.
Many banks already use a post-trade system called Automated Confirmation System, but ACS links back office to back office. DDN essentially links front office to front office, tying bank
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