FXall Introduces Hedging Solution For Liquidity Providers
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.
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:
Telephone: +44 20 7324 5484
Mobile: + 44 752 533 5733
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Source: FX Alliance, Inc via Thomson Reuters ONE
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