14 February 2016

Banks live on FXall money markets platform

13 September 2006  |  4922 views  |  0 laptop

Multi-bank foreign exchange trading portal FXall has launched a new money markets platform, designed to streamline trading by delivering straight-through-processing (STP) and workflow tools for users to split deposits across multiple banks.

The platform, which went live in June 2006, is supported by a number of banks including ABN Amro, Barclays, ING, KBC, Lloyds, and RBS.

FXall says more than 65 institutions are now participating in the service.

The system allows users to split deposits across multiple providers, based on relationship or credit criteria, enter into bilateral dialogues with providers to fine-tune rates and amounts, and automatically roll over deposits without opening a new trade ticket.

Confirmation matching can also be autmated through FXall's post-trade platform, Settlement Centre.

The platform currently supports cash loans and deposits. FXall says support for additional money market instruments is planned for future releases.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

24 July, 2006
24 April, 2006
17 November, 2004
14 April, 2003

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16864 views comments | 108 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
9382 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
9092 views comments | 36 tweets | 10 linkedin
Is Paym a failure?Is Paym a failure?
7424 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6745 views comments | 17 tweets | 28 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job