California-based capital markets platform FinancialOxygen has signed up Deutsche Bank, BNP Paribas, Standard Federal and Allfirst Financial to its online trading hub.
The new banks join JP Morgan Chase, Bank of America and Citibank in providing capital markets products to more than 550 independent financial institutions through the BankOxygen hub. The four newcomers will initially provide bids for Fed Funds.
BankOxygen also offers repos, commercial paper, mutual funds, fixed income and loans.