IFS launches FX Internet trading application

IFS launches FX Internet trading application

Dublin-based IFS has launched MarginMan-GATE, an Internet-based application for banks looking to offer automated FX collateralised trading to a wider customer base including broker dealer networks.

The new product offering follows IFS' recent $21 million acquisition of Dene International, the UK-based developer of GATE, an automated Internet-based trading solution for banks.

The company says MarginMan-GATE is the first application that allows banks to offer their clients real-time automated collateralised trading for foreign exchange. Use of this new application will also enable banks to automatically retain or swap market risk with each other and to access additional participating liquidity sources.

IFS claims to have signed one of the world's largest banks as its first customer for the product.

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