CalPERS selects LavaFX for Foreign Exchange trading

First Published: e-Forex Magazine 27 / News / April, 2007

The California Public Employees' Retirement System (CalPERS), has selected the LavaFX® product suite for foreign exchange trading. CalPERS will use the platform to execute trades in its new Active Currency Overlay Portfolio, as well as in other internal portfolios. Built upon Lava's leading, proprietary technology core, LavaFX provides a Central Limit Order Book of live dealable prices, full price transparency and depth of book, and the ability to place bids and offers, together with Lava's sophisticated order types.         David Ogg “We expect CalPERS will realize significant benefit from the increased trading efficiency, greater pricing transparency and aggregation of disparate FX execution venues, LavaFX provides” said David Ogg, CEO, LavaFX. ...continued

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