Firms can onboard new business more quickly by embracing digital platforms.
This helps users of cleared interest rate swaps to automate the close out process.
Aim is to enable scale, agility, and access to the latest capabilities via the cloud.
One third of European corporates still instruct financial transactions via phone.
RFQ will continue to be an efficient way to interact electronically, but the industry needs innovation.
Automation allows settlement in a week rather than the typical 90-120 days.
Traders can leverage algorithmic workflows to more efficiently tap into liquidity pools.
DCM Flow, powered by Nivaura, offers a secure platform to digitise and automate the origination process.
FMSB said precious metals market could learn from other FICC markets in adopting automation.
