FXall Introduces Hedging Solution For Liquidity Providers
(Thomson Reuters ONE) -
Expands Bank Liquidity Provision Capabilities
17 August, 2012 - FX Alliance Inc. ("FXall") (NYSE:FX), the leading independent
global provider of electronic foreign exchange trading solutions, announced
today a new automated hedging feature within Treasury Center that enables bank
liquidity providers to better service their customers and central corporate
treasuries to effectively service their branch treasuries. This new offering,
known as Auto Deal and Cover, allows relationship banks or central corporate
treasurers to receive executable prices from up to ten liquidity providers to
automatically hedge or cover their customer trades. A sophisticated
configuration utility allows liquidity providers to configure automatic hedging
rules by customer, currency pair and deal size.
Phil Weisberg, CEO at FXall noted, "FXall continues to develop valuable tools
that liquidity providers need to maintain their existing buy and sell-side
trading relationships and expand the services they can deliver to their
customers. This offering will enable central corporate treasuries and many
banks to efficiently price their customers. We are continuously looking for
ways to build new functionality that broadens our ability to support the
institutional FX community. Auto Deal and Cover is the first in a series of new
capabilities that we will be rolling out for providers in the coming months."
FXall has over 80 liquidity providers that deliver prices to institutional
clients globally.
About FXall
FXall is the leading independent global provider of electronic foreign exchange
trading solutions, with over 1,300 institutional clients worldwide. FXall's
offices in New York, Boston, Washington, London, Zurich, Hong Kong, Tokyo,
Singapore, Sydney and Mumbai serve the needs of active traders, asset managers,
corporate treasurers, banks, broker-dealers and prime brokers.
For more information on FXall, visit www.fxall.com
For further information, please contact:
Dafina Grapci-Penney
Telephone: +44 20 7324 5484
Mobile: + 44 752 533 5733
Email: dafina.grapci-penney(at)greentarget.co.uk
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Source: FX Alliance, Inc via Thomson Reuters ONE
[HUG#1634752]
Datum: 17.08.2012 - 15:21 Uhr
Sprache: Deutsch
News-ID 175540
Anzahl Zeichen: 2963
contact information:
Town:
New York
Kategorie:
Business News
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