Our Clients
Services for Banks
Enabling banks to deliver improved FX benchmark transparency with lower risk
SIREN FX offers banks enhanced FX execution for their clients. Historic incumbent benchmarks are designed not to be trade-able, and are frequently published some time after the 4pm fixing window closes. This time lag can create uncertainty. SIREN FX offers a benchmark which solves these two headaches, with a transparent methodology, a tradeable and visible data feed during the 20 minute benchmark window, and a final benchmark delivered swiftly after the benchmark window has closed. This process helps reduce tracking error and its associated risk, with cost savings to the bank and its clients.
Services for Hedge Funds
Providing unique alpha generation data services
SIREN offers a range of services which help inform, and potentially add value, by assisting firms in near time with an indicator of where the 4pm fix may be set. This product deploys short term directional predictive tools to medium term directional indicators across major currency pairs . Our quant team can thus deliver sophisticated tools to enhance trading within traditional benchmark windows, based on a deep understanding of the FX markets
Services for Asset Managers
Asset Managers require data access for governance purposes
Accessing benchmark data easily to oversee operational, compliance and client service activities and validate that the appropriate benchmark has been used.
Uniquely, SIREN FX offers Asset Managers the data behind the benchmark construction for use by all relevant internal users, including Compliance, Middle Office and Reconciliation functions. Access to the SIREN FX benchmark can provide effective transaction cost analysis against the incumbent benchmark by providing comparative cost analysis.
Services for Asset Owners
Helping Asset Owners with benchmark price discovery
Bespoke quantitative studies into your FX benchmark trading activity can provide insights for the current cost of trading and associated risks. Clients view this service as deploying the SIREN FX benchmark as an effective transaction cost analysis tool to establish the opportunity cost of using an incumbent benchmark.
Services for Corporates
Helping Corporates access a range of data for global currency hedging
Being conscious that corporates use incumbent benchmarks to enact transactional foreign exchange activity, use of the SIREN FX benchmark offers all of the benefits described elsewhere, of transparency and fairness associated with the product.
Services for Payment Providers
Creating competitive advantage
Creating competitive advantage by deploying transparency in the foreign exchange element of the underlying payments process.
SIREN provides a range of data services. Including a white label bespoke portal available for payment providers to brand themselves, which allows their clients to independently verify that a fair and appropriate FX benchmark rate was used to enact the execution of their foreign exchange activity.
SIREN FX can provide a list of counterparty banks who will support the product and enable the payments provider to lock in the SIREN FX benchmark price around any contractual margin charged to the underlying client.
Services for Market Data Providers
Helping Market Data Providers deliver a range of informative data streams for their clients to leverage and to differentiate their offerings
A range of innovative data stream products that allows and enables clients to view a SIREN FX benchmark price every half hour across the working financial week, specialising in bespoke reference rate solutions.
The ability to access up to six years worth of benchmark activity.
The ability to view and access live benchmark construction to facilitate effective risk management and tracking error mitigation.
The access to both a five minute and twenty minute fixings series across multiple currency pair combinations constructed from independent data.