FXall has announced a tie-up with financial risk management solutions provider Reval. The companies have integrated their platforms “to provide corporate end-users of derivatives with a web-based solution for straight-through processing of real-time foreign exchange trading.”
This integrated offering combines FXall’s reporting, control and settlement capabilities and the analytical tools of Reval’s Software-as-a-Service (SaaS) solution for managing risk. “Corporate FX traders can access two-way executable prices simultaneously from multiple counterparties through the Reval user interface, deal on a live price and receive immediate acknowledgement. Trades then flow into Reval’s valuation and hedge accounting engines and into FXall’s settlement centre and confirmation matching service.”
“Speed, control and transparency are key issues for corporate treasurers who need to be able to trade efficiently and confidently on a daily basis,” says Jim Kwiatkowski, head of sales, Americas, at FXall. “The integration borne of this partnership will offer hedgers and risk managers unique access to the operational benefits and cost savings of a single, end-to-end FX hedging solution.”