FXpress releases FIRST S6

First Published: e-Forex Magazine 25 / News / October, 2006

FXpress Corporation has announced the release of FIRST S6, the latest version of the company’s web-based treasury software for corporations worldwide. FIRST S6 system-wide enhancements include a new intuitive interface, sophisticated global forecasting, FAS 133 and IAS 39 hedging enhancements, introduction of mutual funds and improved security for Sarbanes-Oxley compliance.The new hedge allocation tool has created an automated workflow where remote subsidiaries can request hedges from a centralized trading center. Those requests are consolidated and hedged with a single derivative. From there, the system automatically creates all of the inter-company transactions and properly accounts for each legal entity involved. In addition to the hedge allocation enhancements, the system now allows users to attach documents to trades, provides an option for the dual approval of delivery instructions and features customizable email alerts....continued

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