FXall Launches Cross Currency Netting To Optimize Trade Execution
FXall has launched Cross Currency Netting, a feature that it says enables market participants to better manage high value multi-currency exposures in today’s volatile markets. The solution combines tools designed to help clients identify principal risks within a currency portfolio so they can be efficiently transferred to their chosen bank or custodian with details automatically processed by FXall. Customers can consult with their bank or custodian to determine the optimal trading strategy within a fully automated process with a complete audit trail.
The addition of Cross Currency Netting to the FXall platform adds an additional execution tool for clients to choose as they determine the best method to execute each trade. FXall claims that it provides the greatest range of execution alternatives and workflow choices, which enables its clients to more effectively manage diverse FX requirements in changing market conditions.