Baton Systems provides a real-time, cloud-native platform for post-trade processing, enabling financial institutions to manage payments, settlements, and collateral with enhanced visibility and control. The technology addresses the challenges of operational risk and intraday liquidity management, facilitating over $3.3 trillion in asset movements in 2024 alone.
Funding
$18.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in managing post-trade processes, including payments, settlements, and collateral management, leading to operational risks and intraday liquidity constraints. Legacy systems and manual processes lack real-time visibility and control, hindering efficient risk management and increasing funding costs.
Solution
Baton Systems provides a real-time, cloud-native platform designed to modernize post-trade processing for financial institutions. The platform delivers enhanced visibility and control over payments, settlements, and collateral, addressing critical risk, capital, and intraday liquidity issues. By automating and accelerating post-trade workflows, Baton enables firms to optimize intraday liquidity usage, reduce funding costs, and mitigate counterparty and payment risks. The interoperable technology integrates with existing systems, offering real-time payment intelligence, enterprise-wide payment control, and optimized collateral management across major venues.
Target Audience
The primary target audience includes banks, financial institutions, and other participants in the wholesale FX market seeking to modernize their post-trade processing, reduce operational risk, and optimize intraday liquidity management.
Features
- Real-time payment and settlement control to reduce funding costs and counterparty risk
- Intraday liquidity management to optimize liquidity use and increase financial resiliency
- Automated and optimized collateral management to increase efficiencies and expedite asset movements
- On-demand FX PvP settlement to safely settle bilateral FX trades across currencies and counterparties
- Integration Manager to accelerate CCP connectivity
- Balance Manager for real-time balance monitoring
- Eligibility Service for automated eligible collateral evaluation
- AI-enabled solutions powering real-time, automated, and optimized workflows