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| Warms: Addressing fund managers' needs |
Online FX trading portal Fxall enhanced its range of bank-to-client tools last month in response to significant growth in the asset management sector. The latest Treasury Center 2.0 version is designed to help banks meet the specific work-flow requirement of asset managers and other institutional clients, making it simple to price an entire portfolio of trades across multiple allocations, currencies and forward dates. It also adds support for new instrument types, including non-deliverable forwards and fixed spot swaps.
Banks will be able to access additional liquidity on a flexible, deal-by-deal basis. For example, if a client asks a bank to provide quotes in currencies or in sizes that it does not normally trade, Treasury Center can automatically source additional liquidity to speed up price-making to the customer.
Trading by asset managers on FXall's platform increased by 146% in 2004 to more than $1 trillion. In response to this substantial growth, FXall has developed several products and tools for asset managers, such as FXall Altair and QuickOMS, to help them manage complicated workflows.