21 August 2017
visit www.avoka.com

FXall adds money markets trading and prime brokerage messaging to platform

14 April 2003  |  3525 views  |  0 FXall adds money markets trading and prime brokerage messaging to platform

Multi-bank foreign exchange trading platform FXall is to extend its functionality to include money markets instruments and is launching a messaging service between prime brokerages and clients.

The money markets functionality, which is expected to be available in Q3, will enable clients to confirm money market trades automatically within Fxall's settlement centre.

The prime brokerage solution will allow for real-time messaging through its trading centre and automatic notification of prime brokerage deals between banks through its settlement centre.

Philip Weisberg, CEO of FXall, says: "We will bring to other asset classes and to prime brokerage the same level of efficiency and transparency that we have delivered for the world’s foreign exchange markets."

The portal currently has 43 global liquidity providers. FXall says volumes on the platform have soared since automating FX trades, most recently breaking through the $10bn dollar mark in a single day.

The surge in volumes has allowed the firm to accelerate business plans and Fxall says it expects to break-even earlier than anticipated this year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Deutsche, AIG and JPMorganChase in FX prime broker pact

Deutsche, AIG and JPMorganChase in FX prime broker pact

07 April 2003  |  7192 views  |  0 comments
FXall signs exclusive data distribution deal with Moneyline Telerate

FXall signs exclusive data distribution deal with Moneyline Telerate

24 March 2003  |  4386 views  |  0 comments
FXall to use Reuters instant messaging

FXall to use Reuters instant messaging

20 March 2003  |  5551 views  |  0 comments
FXall appoints Goh to head up new Singapore office

FXall appoints Goh to head up new Singapore office

12 March 2003  |  3446 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10423 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8690 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8532 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8377 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7812 views comments | 16 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job