e-Forex July 22

BXS launches all-in-one Trade Surveillance
platform
BXS, the compliance reporting
and trading analytics provider, has
announced the launch of their new
Trade Surveillance Platform. BXS built
this platform to meet and exceed
the expectations of the regulators
while also consolidating Alerts,
Investigation, and Case Management
into one system to meet and exceed
the expectations of their clients. BXS’s
new Trade Surveillance platform was
built for efficiency. The newly designed
dashboard provides an overview
of alerts that are most important
to the user, with added filtering
capability to create a truly bespoke
experience. This added customization
enables users to pinpoint potential
market manipulation, escalate to the
appropriate parties and resolve tickets
all on one screen saving time and
resources.
BXS’s Director of Trade Surveillance,
Jon Nieves explains: “As a former user
of some of the most advanced trade
surveillance and reporting systems
for US, Canada, and Latin American
Equities trading, I am extremely happy
with the performance of this product.
We have taken years of industry
knowledge and feedback addressing
all common pain points to create what
we believe is a truly holistic product,
at competitive price for today’s
marketplace.”
The sleek new design of this platform
includes an alerting dashboard,
advanced filters, audit trail, data
visualization, and full drill-down
capability to see the most granular
data available for all trading activity
involved in a particular scenario.
Jon Nieves
NEWS
Kyriba launches new tool to tackle currency risk
Kyriba has announced the launch of
Kyriba’s FX with correlated value at
risk (VaR) analysis to provide corporate
Treasurers and FX Risk Managers with
more precise, deeper level analytics
to optimize hedging programs
and continuously hit portfolio VaR
targets in the most cost effective
way. Foreign exchange losses due to
a strong US dollar in a rising interest
rate environment are escalating with
projections upwards of $40B in FX
impacts to North American companies
during the first half of 2022, according
to a recent report.
“Corporate Risk Managers are
scrambling to shore up losses resulting
from the recent dollar run,” said Andy
Gage, SVP FX Advisory Services at Kyriba.
“Kyriba’s VaR is important during any
market environment to reduce costs and
better determine net exposures across
a portfolio of currency pairs. Especially
during this time of uncertain market
dynamics, Risk Managers need data to
drive their decisions and protect earnings
erosion.” Kyriba’s Correlated VaR
solutions deliver cost effective, in-house
hedging management and reporting
control with dynamic FX dashboards.
Highlights of the newly launched
solutions include:
• VaR Precision: 1,000 simulations
generate optimal hedging scenarios
so Risk Managers have actionable
Andy Gage
decision-making intelligence on the
specific currency pairs to hedge,
based on their net exposure and
portfolio VaR policy
• Decision Management: User-defined
parameters for a variety of reports and
dashboards increases visibility, control
and support across multiple exposure
management and hedging strategies
• Trade Efficiency: Enter and
automatically execute FX trades
across major trading platforms
Kyriba’s Correlated VaR Analytics
delivers insight on-demand into the
amount of correlated value at risk that
exists across all currency pairs within a
company’s portfolio of exposures. The
new solution builds upon Kyriba’s ability
to aggregate and calculate FX exposure
with automation, giving Risk Managers
more time to leverage data insights and
design programs to more cost-effectively
mitigate volatility.
8 JULY 2022 e-FOREX