FXpress Launches New Commodities Exposure Management Module
Fxpress Version 6.0, released last month, introduces a new Commodities Exposure Management Module, ‘a comprehensive and user-friendly integrated solution’ for commodities risk management. The module provides fully integrated exposure management, contract trading, back office, and FAS 133/138 and IAS 39 compliant accounting capabilities. The module can be used on a stand-alone basis or incorporated with Foreign Exchange by FXpress. Other enhancements include tighter integration processes with the multi-bank trading portals, Currenex and FXall; enhanced reporting features for cross-currency exposures and currency option transactions, including collars, forward extras, barrier options, and average rate options; advanced security controls; and IAS 39 compliancy.