Company Research Report: Baton Systems

Company Overview

• Name: Baton Systems

• Mission of the Company: Revolutionizing how payments are made in the world’s largest financial markets through innovative post-trade processing solutions.

• Founded: 2016

• Founded By: No specific information on founders.

• Key People in the Company:

• Arjun Jayaram, CEO & Founder

• David Ornstein, Chief Operating Officer

• Alex Knight, Global Head of Sales and EMEA

• Tucker Dona, Head of Business Development and Client Success

• Ravindra Madduri, Global Head of Product Management

• Headquarters: California, with offices in London, New York, and Chennai.

• Number of Employees: No specific information available.

• Revenue: No specific information available.

• Known For: Baton Systems is known for its AI-enabled real-time post-trade processing solutions, utilizing distributed ledger technology to deliver speed, visibility, and control in financial transactions. It serves some of the world's largest financial institutions.

Products

• Baton CORE Platform:

• Core-FX: Supports on-demand payment-versus-payment (PvP) settlement, enhancing operational efficiency and reducing FX settlement risk.

• Core-Liquidity: Enables real-time asset ownership transfer and optimization of intraday liquidity to reduce financial risk.

• Core-Payments: Offers full visibility and control over wholesale payments, mitigating risks, and optimizing funding strategies.

• Core-Collateral: Automates and optimizes collateral management workflows to enhance operational efficiencies.

Key features include real-time insights, interoperability, frictionless automated workflows, and secure integration through APIs.

Recent Developments

New Products and Features

• Eligibility Service:

• A new solution for automating and evaluating collateral eligibility, enhancing decision-making with real-time insights on asset eligibility, fees, and rates.

• Intraday Liquidity Management Tools: New tools launched to reduce intraday liquidity buffers and optimize liquidity management processes, enhancing capital returns.

Partnerships

• OSTTRA Partnership: Collaboration to offer a new FX PvP settlement service, mitigating settlement risk and providing flexible settlement solutions across currencies.

• BNY Mellon Collaboration: Integration with BNY Mellon's collateral management platform to optimize portfolio allocations using Baton's Core-Collateral solution.

Awards and Recognition

• Best FX Settlement Innovation: Awarded at Euromoney Foreign Exchange Awards 2023.

• Best FX Settlement and Risk Mitigation Solution: Awarded at the FX Markets Asia FX Awards 2023.

• Best New Technology: Recognized at the American Financial Technology Awards 2022.

Baton Systems continues to innovate and expand its reach through collaborations and advanced technology solutions, reaffirming its position as a leader in post-trade financial solutions.