California-based capital markets platform FinancialOxygen has signed up M&I Marshall & Ilsley Bank, Zions Bancorporation and Societe Generale Bank to its online trading hub.
The banks join Bank of America and JPMorganChase in providing capital markets products to mid-sized institutions over the BankOxygen platform. The new recruits will initially provide bids for Fed Funds.
In addition to Fed Funds, BankOxygen offers repurchase agreements, money market securities and loans. The trading hub currently transacts more than $3 billion a day.