Electronic foreign exchange trading platform FXall has launched Cross Currency Netting, a new feature enabling users to manage high-value multi-currency exposures in volatile markets. The new feature is part of the company’s commitment to improve its platform, which is used by institutional clients such as asset managers, corporate treasurers, hedge funds and banks.
Cross Currency Netting combines tools which help clients identify principal risks within a currency portfolio so they can be transferred to their chosen bank or custodian. The details are automatically processed by FXall’s integrated workflow and straight-through processing capabilities.
The new feature enables customers to consult their bank or custodian about the optimal trading strategy in a fully automated way and with a complete audit trail. FXall said this allows clients to operate more efficiently, use the expertise of their partners, and maintain a controlled, error-free environment.
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