FXall Extends Functionality; Plans Launch Of Prime Brokerage Solution
Electronic FX portal FXall has announced plans to extend its automated trading functionality to money market instruments and to launch an industry solution for prime brokerage. In the first roll-out of the new functionality, FXall clients will be able to confirm money market trades automatically within ‘Settlement Center’. This service will become available in the third quarter. FXall will also be launching an industry solution for prime brokerage which will allow real-time messaging through ‘Trading Center’ and automatic notification of prime brokerage deals between banks through FXall’s Settlement Center.