Globalization and Cross-Border Exchanges

As investors trade increasingly across national boundaries, reaching now 1.5 million trades per day and USRBBO trillion a year, they visibly strain the ability of current facilities to process trades, underscoring the need for new powerful solutions. EDS Capital Markets reports that $1.8 trillion worth of cross-border trades remain outstanding and unsettled every business day; or about 16% of all such trades. The costs associated with unsettled trades match or exceed the costs involved in processing all other trades, and run into the billions.