FXpress enhances offerings with FIRSTâ„¢ Allocate

FXpress Treasury Solutions has recently released FIRST™ Allocate, an automated hedge request and trade allocation tool. This advanced Web-based technology has created a workflow where remote subsidiaries can request hedges from a centralized trading center. Those requests are consolidated and hedged with a single derivative and the system automatically creates all of the inter-company transactions and properly accounts for each legal entity involved.“Prior to FIRST™ Allocate, corporate treasurers had to either book a series of derivative transactions, or create complicated spreadsheets to effectively track P&L and accounting results of consolidated foreign currency forecasts,” said James Gilbert, FXpress Corporation’s Director of Business Development....continued

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