Message platform Symphony offers autotunes for OTC trades
It allows for secure and compliant messaging among traders, and creates automated workflows for banks
Singapore
WALL Street banks are tooling up to build a more transparent and automated process for executing over-the-counter trades, to tackle the opaque nature of such transactions valued in the trillions and that have been probed amid rigging scandals.
The startup that hopes to sit at the nexus of that seismic change is Symphony Communication Services, a messaging platform backed by investment banking giants.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Marriott boosts full-year profit view after mixed Q1 results
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand