FXall, the portal for online foreign exchange trading, announced today that it has delivered straight through processing for customers of both Selkirk and SimCorp, providers of treasury management systems.
Customers using SimCorp’s IT/2 and TMS2000 systems and Selkirk’s Treasury Manager are now able to access online deal information from FXall and execute import deals into their treasury system. The deals can than be automatically confirmed and settled in a completely controlled and audited process.
Chris Ingoldsby, International Treasury Manager at Autodesk, said, “Fxall has a complete straight through processing solution mapped out. By allowing trades to flow seamlessly between different systems, and eliminating the need for manual intervention, FXall will allow us not only to lower our costs but also to increase efficiencies.”
Mary Carroll-Church, Settlements Manager at Irish Life Investment Management, said, “We chose to trade through FXall because they have the most advanced functionality on the market, and the tightest pricing from the widest group of providers. We are delighted that SimCorp have responded so quickly to our needs by linking with FXall – allowing us to seamlessly trade and capture deals in our treasury management system.”
Philip Weisberg, CEO of FXall, said, “Today’s announcements show the depth and breadth of FXall’s industry partnerships. Thanks to our unique level of integration with banks and treasury management systems, we are able to provide clients with optimal levels of automation.”
FXall – which links with more than 35 different treasury management systems – has 375 customers signed for trading. In the month of September alone, 44 new customers joined the portal, making it a record month for client take-up.
FXall also recently achieved record volumes* – trading more than $5bn in one day.