FXall, electronic foreign exchange platform, launches Cross Currency Netting, a new feature that enables market participants to better manage high value multi-currency exposures in today’s volatile markets.
Cross Currency Netting combines tools which help clients identify principal risks within a currency portfolio so they can be efficiently transferred to their chosen bank or custodian with details automatically processed by FXall’s workflow and STP capabilities.
FXall’s Cross Currency Netting feature enables customers to consult with their bank or custodian to determine the optimal trading strategy within a fully automated process with a complete audit trail. This combination allows clients to operate more efficiently, lever the expertise of their partners, and maintain a controlled, error free environment.
The addition of Cross Currency Netting to the FXall platform adds an additional execution tool for clients to choose as they determine the best method to execute each trade. By providing the greatest range of execution alternatives and workflow choices, FXall enables its clients to more effectively manage diverse FX requirements in changing market conditions.
“As an established and committed long-term partner, we are constantly investing in our leading platform to establish new products to best serve the needs of our clients,” says Phil Weisberg, chief executive officer, FXall. “Cross Currency Netting is one such initiative, to allow our clients to execute trades in the most efficient and cost-effective way best suited to their sophisticated trading strategies.”
L.D.