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FXall upgrades Treasury Center package; signs US Bank

11 July 2005  |  1860 views  |  0 Source: FXall

FXall, the world's leading foreign exchange platform, today announced a series of enhancements to Treasury Center, its market-leading suite of client relationship tools for banks.

Treasury Center 2.0 adds further functionality to help banks boost productivity, enhance risk management and deliver faster, more effective service to their customers.

More than 1,150 traders at 55 banks around the world have already implemented Treasury Center, which delivers a complete solution for making prices to clients. Treasury Center works seamlessly with both proprietary and vendor rate engines, enabling dealers to provider faster and more customized prices to their clients.

New features include:
  • Enhanced ability to handle complex asset manager workflow
    Treasury Center 2.0 enhances banks' ability to meet the unique workflow requirements of asset managers and other institutional clients, making it simple to price an entire portfolio of trades across multiple allocations, currencies and forward dates. It also adds support for new instrument types including NDFs and fixed spot swaps.
  • More flexible liquidity options
    Treasury Center 2.0 also offers banks the opportunity to access supplemental liquidity on a flexible, deal-by-deal basis. When a bank is asked to provide quotes in currencies or in sizes in which they do not normally trade, Treasury Center can automatically source additional liquidity to speed price-making to customers. This new feature helps banks ensure they can offer a complete FX solution for institutional clients.

    Phil Weisberg, CEO, FXall said: "Treasury Center equips banks with the advanced pricing and workflow capabilities they need to grow their business and deliver world-class service to asset managers and other institutional customers. The latest enhancements to our service further extend its ability to help banks handle their clients' FX needs."

    Separately, FXall, the world’s leading foreign exchange platform, today announced that it has signed U.S. Bank as a liquidity provider, bringing the total number of providers on FXall to more than 60. Nine banks have joined the platform in the last 12 months.

    Pat Noble, Senior Vice President and Foreign Exchange Manager, U.S. Bank, commented: "U.S. Bank provides foreign exchange services to clients across every market segment. FXall integrates us seamlessly to more top-tier clients than any other platform, enabling us to further grow our foreign exchange business."

    Phil Weisberg, CEO of FXall, said: "FXall's provider network continues to grow as we roll out new solutions to help banks optimize their foreign exchange service. I am delighted to welcome U.S. Bank to FXall, and look forward to working with them to meet their clients’ liquidity and workflow requirements."

    The news comes as FXall announces a series of enhancements to Treasury Center, its market-leading suite of client relationship tools for banks.
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