FXpress Strikes Distribution Deal; Launches GEM
EuroNetting, a global supplier of multilateral netting systems, has forged a strategic business alliance with treasury risk management software provider, FXpress Corporation. Under the terms of this alliance, FXpress will sell, market, license, install and support EuroNetting’s products in North America, including EuroNetting Online, the web-based version of its signature product, delivered over the Internet as an ASP service. The addition of EuroNetting products will compliment the FXpress product line and further enable the delivery of comprehensive, best-of-breed technology solutions, according to FXpress. Separately, FXpress has launched GEM, a web-based solution for global exposure management. The system, which can be fully integrated with the main FXpress system, allows treasury professionals to enter the system and manage exposures via the Internet. The platform’s key functionality includes configurable user profiles, flexible workflow management, configurable online exposure templates and single exposure entry.