FXall goes live with Money Markets trading
Last month FXall announced the successful launch of its money markets platform.
Last month FXall announced the successful launch of its money markets platform. The service, aimed at banks, asset managers and corporations, streamlines money markets trading by enabling users to request rates from multiple providers simultaneously.<br>
Unique features of the service include the ability to:<br>
Split deposits across multiple providers, based on relationship or credit criteria<br>
Enter into bilateral dialogues with providers to fine-tune rates and amounts<br>
Automatically roll over deposits without opening a new trade ticket<br>
Automate confirmation matching through FXalls post-trade platform, Settlement Center
The platform is supported by a number of banks, including ABN, Barclays, ING, KBC, Lloyds TSB and RBS. More than 65 institutions are now participating in the service.