ICD and 360T have announced that they have deepened the integration of their respective trading applications, allowing mutual clients to seamlessly leverage both platforms and unlock over 300 money market funds (MMFs), time deposits from nearly 300 banks, short-duration bond funds, foreign exchange (FX) and more.
Through the enhanced end-to end workflow, treasury practitioners can utilise a simple automated experience, designed to offer greater insight into their investments, cash positions, consolidated reporting and exposure analytics at no additional cost.
“Like all 360T system innovations, it follows the logic to build a fully integrated solution for the FX market," said Florian Seifferer, COO Americas at 360T. "The deep integration with ICD was designed in partnership with clients in an effort to save time, improve security and to offer better visibility through consolidated reporting."
In addition to broader access to short-term investment and FX products, clients receive service from both 360T and ICD, ensuring they maximise the benefits of the integrated offering.
"With the enhanced integration through our single-sign-on and data flow into our award-winning Transparency Plus, clients now have a complete picture of their entire investment portfolio and underlying exposures,” says Tory Hazard, CEO ICD.
ICD Portal and 360T now provide access to the following products through one platform:
- Time deposits.
- Money market funds.
- Short duration bond funds.
- Federally insured cash account (FICA).
- Federally insured brokered CDs.
- Direct commercial paper.
- Separately managed accounts.
The integrated liquidity trading services also include integration and straight-through processing into TMS, ERP and reporting platforms, uniform trading protocol, and integrated reporting through Transparency Plus.
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