Multi-bank foreign exchange portal FXall has launched a new service to give corporate treasurers access to complete automated bank functionality for internal dealing.
The new Treasury Centre consists of two key components: Corporate Dealer and Bank Dealer, both of which can be accessed by FXall users.
FXall’s Corporate Dealer allows internal clients of corporations to submit deal requirements to the central treasury of the corporation. Those trade requests can then either be dealt to settle internally with the central treasury as a counterpart or sent directly to external bank counterparts by members of the central treasury FX execution desk. Once completed, the trade is automatically booked into the clients treasury management system.
FXall Bank Dealer allows a central corporate treasury to make automated prices on demand to internal clients, who in turn are able to execute immediately with the central treasury desk. The service allows FXall’s liquidity providers who do not have an automatic rate engine to send fully automated prices to their clients.
Rival service Currenex recently rolled out similar functionality for centralising corporate treasury dealing over its FXtrades platform.
In a separate announcement, FXall has revamped its research portal to include access to Interactive Portfolio Flow Monitor iPFM – The Bank of New York’s proprietary tool for global capital flows research. Customers will have access to real-time illustrations of cross-border capital flows that can be mapped against published market data, such as foreign exchange rates.
Other enhanced features of the research portal include a calendar tool with economic data releases for 40 countries, and the ability to view market holidays in virtually any currency pair.