Finteum, the intraday liquidity management platform for global financial institutions, has announced that it has reached USD 1 billion in weekly intraday FX swap trades. This milestone, driven by increased volumes from participant banks, underscores Finteum’s role in optimising intraday liquidity for global institutions and creating efficiency for the established USD 10 trillion per day FX and repo markets.
Goldman Sachs has now joined the platform and successfully completed their first series of trades, including the platform’s largest intraday FX swap trade to date, further highlighting the industry’s focus on intraday liquidity management. Additional banks are undertaking trades in preparation to go live, as the ecosystem continues to scale.
Finteum’s peer-to-peer platform leverages distributed ledger technology (“DLT”) and enables banks to borrow and lend cash on an intraday basis using FX swap transactions, which are executed on the TP ICAP UK MTF. The Finteum network operates as a distributed system. UBS and NatWest Group both completed the technology work to deploy the Finteum Platform components within their respective banks’ infrastructure, enabling enhanced data privacy and operational resilience, compared with centralised systems.
Brian Nolan, CEO and co-founder of Finteum, said: “Reaching the USD 1 billion weekly trade threshold is a significant moment for Finteum and for the evolution of intraday liquidity markets. Banks globally are looking for ways to operate more efficiently in real time, and intraday FX swaps are becoming an important tool in meeting this requirement. We are proud to be working with some of the world’s leading institutions who are helping to shape this new market. This milestone shows the momentum behind our platform as we continue to expand participation and functionality through 2026.”
