CurrentDesk is happy to announce that it has secured a booth at the Forex Magnates industry trade show, which will take place on the 11th and 12th of November. We would like to invite existing clients as well as interested parties to join us at the event and meet in person. Staff members will be available to discuss the challenges that brokers face and to present CurrentDesk’s solutions, Namely CurrentRisk, our reconciliation and risk management tool, and CurrentBusiness, our integrated CRM, back office, treasury and compliance system. We look forward… read more →
For brokers operating a true “no dealing desk” model, handling client risk isn’t much of an issue. What is a critical issue is trade reconciliation. In an article about risk management practices published in the Forex Magnates Q1 Industry Report, we discussed problems that brokers and dealers from the smallest shops to the largest global financial concerns face. While firms mentioned the importance of monitoring arbitrage, network latency, and market volatility, trade reconciliation was a universal item that companies needed to address. Trade reconciliation refers to the tracking of executions… read more →
One of the most difficult challenges that Forex brokers back office staff face is reconciling the accounting methods utilized in trading platforms with those methods used by the clearing agent be it an institutional liquidity provider or prime broker. In other words retail trading platform apply P&L, commissions, swaps and other charges differently than how the clearing partner applies them and as a result aggregate equity changes on the platform do not match equity changes at the clearing partner. Since the equity changes on the frontend do not correspond to… read more →
RTNS, a global leader in trade messaging, has added CurrentDesk to the list of authorized partners it exposes its API for the purpose of trade confirmation messaging. CurrentDesk has successfully met RTNS’s rigorous UAT testing, and as such has been approved to connect to RTNS production environment to receive trade confirmations notifications from Liquidity Providers via RTNS for the purpose of reconciliation. This is great news of CurrentDesk, as it allows the company’s advanced realtime reconciliation system, CurrentRisk, to seamlessly connect to virtually every major liquidity provider or aggregation system… read more →