SIREN BENCHMARK FOR FX RECEIVES AUTHORISED AND REGULATED STATUS

SIREN BENCHMARK FOR FX RECEIVES AUTHORISED AND REGULATED STATUS

SIREN BENCHMARK FOR FX RECEIVES AUTHORISED AND REGULATED STATUSSIREN BENCHMARK FOR FX RECEIVES AUTHORISED AND REGULATED STATUSSIREN BENCHMARK FOR FX RECEIVES AUTHORISED AND REGULATED STATUS

In partnership with New Change FX, Raidne the leading independent quantitative analytics company for the FX market has created a more efficient way to trade larger notionals.

Could you save $60 per million on FX tRaDES?

SIREN is the new FCA regulated benchmark for FX. It calculates and is published every 30 minutes. It can be used as an alternative to the 4pm FX fixing benchmark in order to achieve best execution.

SIREN is designed to reduce excess market impact over the fixing window leading to better prices overall.

We can run a study on your historical fixing trades to determine how much you could save by moving from your existing fix to the SIREN benchmark. All the studies performed so far suggest clients could have reduced transaction costs and achieved more favourable fills on average by moving to siren.

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Recent Collaborations

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Top 10 global bank regulatory fines mitigation project

 Problem: Regulators were looking to fine bank potentially hundreds of millions of dollars for regulatory contraventions.


Solution: By bringing analytical expertise, and experience of dealing with the regulators we were able to create an improved culture of trust and collaboration which improved surveillance has reduced the overall exposure of the bank. 

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Top 20 global bank improves performance via quantitative surveillance

Problem: Latency arbitrageurs were capitalising on sub-optimal connectivity 


Solution: We brought subject matter expertise to undertake quantitative review allowing us to identify and locate the source of trading losses. The implementation of a suite of upgrades and changed processes led to a seven figure per month trading performance improvement.

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Independent advice for central bank

Problem: Central bank needed upgraded analytical systems 


Solution: We brought subject matter expertise to under take gap analysis, create upgrade strategy, implement, manage, oversee and deliver back for internal management.

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Questions or Comments?

We know that our clients have unique needs and circumstances. Tell us more about your project, and we will get back to you soon with some ideas of how we can address those circumstances using our unique approach.

RAIDNE INDEPENDENT QUANTITATIVE SURVEILLANCE

New Broad Street House, 35 New Broad St, London, England EC2M 1NH, United Kingdom

+44 7771 975 260

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