Baton Systems (Baton) has announced that it has named Ronn Baker as Senior Director of North American Sales.
Recently announced in a press release shared with Finance Magnates, Ronn Baker, an executive director with almost fifteen years of experience at Wells Fargo, has been selected by Baton Systems, a global fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term digitally transforming post-trade processing using distributed ledger technology (DLT), as a Senior Director of North American Sales.
Baker brings broad experience in FX technology, eCommerce sales and institutional sales for cross-border payment solutions and services to the new role. Located in the US, he will report to Alex Knight, the Global Head of Sales. He will work in close collaboration with the company’s bank clients and prospects in widening its reach of the Baton CORETM suite of solutions, covering FX, payments, liquidity and collateral.
The timing of the appointment coincides with the increasing adoption of Baton’s technology that addresses the key factors involved in risk, capital and liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term issues that affect post-trade.
A Brief Look at Baker’s Vocational History
Prior to the announcement from Baton Systems, Baker served WellsFargo as the Director of Innovation & Digital Strategy. For more than two years, she spearheaded the implementation of distributed ledger technology (DLT), crypto-currencies and digital assets for the FX trading and capital markets division, among other responsibilities, according to his LinkedIn profile.
Before that, he spent more than twelve years at Wells Fargo Securities. His last position was Director of Institutional Sales and Marketing in North Carolina, US. Here, he was in charge of trading and cross border payments and services including deal execution, enterprise payment channels, API’s and third-party solutions. Earlier on, the company appointed him as FX Specialist of eCommerce Sales. Over four years, Baker administered the processing of the day-to-day international payments initiated by the bank’s FX Desk and Wire Transfer group, as well as customers via online banking channels.
Baker’s first known position was FX Senior Analyst Technology from 2007 to 2009. In this post, he supervised and implemented technology solutions for business lines while abetting the eCommerce conversion of more than four hundred clients.
To Promote the Broader Evolution of the Financial Ecosystem
Commenting on the announcement Arjun Jayaram, the CEO and Founder of Baton Systems, stated: “I am delighted to welcome Ronn to Baton. Ronn brings invaluable experience to our growing team and has witnessed the impact that our DLT technology can have every day, enabling real-time, riskless settlements in a live production environment. I’m excited to work with Ronn and help further communicate how Baton is working not only to help address the post-trade market structure challenges of today but also to promote the broader evolution of the financial ecosystem.”
“Baton is pioneering real transformation in post-trade market structure and I’m very excited to be part of this industry-defining journey. Baton’s use of DLT is addressing a real industry need and I believe the level of choice and control the Core suite of products offers will soon become the market standard. I’ve seen first-hand what’s possible and know that Baton’s transformative technology offers industry-wide benefits. Along with Arjun and the whole team, I believe that Baton is driving the future of the industry,” Baker added.
Baton Systems (Baton) has announced that it has named Ronn Baker as Senior Director of North American Sales.
Recently announced in a press release shared with Finance Magnates, Ronn Baker, an executive director with almost fifteen years of experience at Wells Fargo, has been selected by Baton Systems, a global fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term digitally transforming post-trade processing using distributed ledger technology (DLT), as a Senior Director of North American Sales.
Baker brings broad experience in FX technology, eCommerce sales and institutional sales for cross-border payment solutions and services to the new role. Located in the US, he will report to Alex Knight, the Global Head of Sales. He will work in close collaboration with the company’s bank clients and prospects in widening its reach of the Baton CORETM suite of solutions, covering FX, payments, liquidity and collateral.
The timing of the appointment coincides with the increasing adoption of Baton’s technology that addresses the key factors involved in risk, capital and liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term issues that affect post-trade.
A Brief Look at Baker’s Vocational History
Prior to the announcement from Baton Systems, Baker served WellsFargo as the Director of Innovation & Digital Strategy. For more than two years, she spearheaded the implementation of distributed ledger technology (DLT), crypto-currencies and digital assets for the FX trading and capital markets division, among other responsibilities, according to his LinkedIn profile.
Before that, he spent more than twelve years at Wells Fargo Securities. His last position was Director of Institutional Sales and Marketing in North Carolina, US. Here, he was in charge of trading and cross border payments and services including deal execution, enterprise payment channels, API’s and third-party solutions. Earlier on, the company appointed him as FX Specialist of eCommerce Sales. Over four years, Baker administered the processing of the day-to-day international payments initiated by the bank’s FX Desk and Wire Transfer group, as well as customers via online banking channels.
Baker’s first known position was FX Senior Analyst Technology from 2007 to 2009. In this post, he supervised and implemented technology solutions for business lines while abetting the eCommerce conversion of more than four hundred clients.
To Promote the Broader Evolution of the Financial Ecosystem
Commenting on the announcement Arjun Jayaram, the CEO and Founder of Baton Systems, stated: “I am delighted to welcome Ronn to Baton. Ronn brings invaluable experience to our growing team and has witnessed the impact that our DLT technology can have every day, enabling real-time, riskless settlements in a live production environment. I’m excited to work with Ronn and help further communicate how Baton is working not only to help address the post-trade market structure challenges of today but also to promote the broader evolution of the financial ecosystem.”
“Baton is pioneering real transformation in post-trade market structure and I’m very excited to be part of this industry-defining journey. Baton’s use of DLT is addressing a real industry need and I believe the level of choice and control the Core suite of products offers will soon become the market standard. I’ve seen first-hand what’s possible and know that Baton’s transformative technology offers industry-wide benefits. Along with Arjun and the whole team, I believe that Baton is driving the future of the industry,” Baker added.
Source: https://www.financemagnates.com/executives/moves/baton-systems-has-named-ronn-baker-as-senior-director-of-north-american-sales/