Integrating an FX Trading platform

Description

Corporates turn to FX markets in order to buy or sell currencies to support their business transactions as well as to hedge currency risk from foreign transactions. Kyriba facilitates the management of FX deals such as FX Spot, Forwards, Swaps, or options with seamless integration with major electronic trading platforms. 

With Kyriba APIs, it is possible to integrate Kyriba with your alternative FX Trading platform and automate the trading process. In particular, customers can create trades requests in Kyriba and synchronize the information with the trading platform on Pre-trades and, once the trades are executed, on Actual trades. 

In this use case, we cover FX Spot and FX Forward transactions, it can be extended to any financial instruments supported by Kyriba.

Step-by-step instructions:

• Create an FX deal with the status “Pre-trade”.
• Retrieve FX deals with the status “Pre-trade” stored in Kyriba.
• Enter confirmed FX rates for a selected deal and import them into Kyriba. The status of this deal will be changed from “Pre-trade” to “Actual”.
• Retrieve FX deals with the status “Actual” stored in Kyriba to validate the change.