FXall Adds Benchmark Fixings To QuickOMS
FXall has announced the addition of benchmark fixings to its order management solution QuickOMS. This means that clients can now submit request-for-stream and benchmark orders through a single, integrated service. Benchmark fixings are independent, auditable FX rates designed to provide an accurate reflection of the FX market at the time the rate is fixed. By submitting an order for execution at a particular fixing, asset managers and corporate treasurers can be confident that they are achieving a competitive rate for the time of execution. FXall’s service enables clients to submit orders for execution at any one of a range of industry-standard fixing series from Citi, HSBC and RBS. Each bank has made its full benchmark fixing service available through FXall.