Derivative Path has partnered with Baton Systems to provide regional and mid-market banks with an integrated foreign exchange payments and nostro management solution. The collaboration addresses limitations in traditional correspondent banking models by enabling banks to manage their own nostro accounts for core currencies whilst maintaining existing relationships for broader coverage. The platform combines Derivative Path's access to multiple liquidity providers with Baton's real-time operational controls, offering banks greater pricing flexibility and liquidity management. Built on cloud-native architecture with SWIFT connectivity, the solution provides end-to-end visibility from execution through settlement and reconciliation. The integration allows banks to scale FX services without building independent infrastructure. Baton processes nearly $30 billion daily for seven of the nine largest global banks, having settled over $25 trillion to date.

Derivative Path has launched an FX payments solution enabling community banks to offer foreign currency wire transfers through their digital banking platforms. The solution, powered by Wells Fargo's FX Payment Solutions and integrated with Jack Henry's Treasury Management platform, allows commercial clients to initiate cross-border payments without banks needing to build costly infrastructure. FirstBank in Nashville, Tennessee, is the first institution to implement the solution. The bank, which has used Derivative Path's DerivativeEDGE platform for interest rate derivatives for five years, can now offer international payment capabilities through the same interface clients use for domestic banking. The integration addresses growing demand for cross-border payment services amongst commercial banking clients whilst eliminating the need for community banks to invest in technology, compliance infrastructure and liquidity relationships independently.

Derivative Path names co-founder Zack Nagelberg its President. Derivative Path, a provider of derivatives technology and risk management solutions for capital markets participants, today announced the promotion of co-founder Zack Nagelberg to President. In this role, Nagelberg will lead strategic operations and growth initiatives aimed at expanding Derivative Path's market presence and advancing its platform capabilities, as the firm scales to meet increasing demand from financial institutions and alternative investment managers. Nagelberg has been instrumental in building Derivative Path from the ground up. He helped establish the company as a trusted partner for financial institutions and alternative investment managers seeking to manage interest rate, FX, and commodity risk with greater transparency and scalability. In stepping into the President role, Nagelberg will guide enterprise-wide priorities and execution of Derivative Path's long-term growth strategy. Having helped shape the firm's client-centric model, his expanded leadership ensures Derivative Path remains ahead of evolving market demands; advancing its technology and advisory capabilities while reinforcing the operational strength that underpins long-term client success. "Zack has been a true partner in every sense of the word, and each of our co-founders has played an irreplaceable role in making Derivative Path what it is today," said Pradeep Bhatia, CEO and co-founder of Derivative Path. "Zack's promotion reflects something we've believed since day one, that shared ownership and investing in our people are how we build lasting success. We've developed a core leadership team that will continue to grow and strengthen the company for years to come. Our industry is entering a period of extraordinary transformation, and I've never been more confident in the leadership we have in place to meet the moment. With Zack stepping into the President role, John continuing to drive operational excellence, and Frank leading product innovation, we're positioned not just to keep pace with the future, but to define it." "I'm incredibly proud of what our founding team and the entire Derivative Path organization have built together," said Nagelberg. "The opportunity in front of us has never been larger. Capital markets are evolving rapidly, with demand for modern risk infrastructure, increasingly intelligent analytics, and seamless technology accelerating. We are deeply committed to these industry demands, including our focus on AI-led innovation and its implications for the future. I'm energized to take on the President role and to continue building alongside my co-founders, our extraordinary management team, and our board as we enter the most exciting chapter in our company's history." The promotion is effective immediately.