Reval and FXall Integrate Real-time FX Trading Interface for Corporate Market
Reval, a financial risk management solutions provider to corporates, and FXall, an electronic foreign exchange (FX) platform, have completed the integration of their platforms to provide corporate end-users of derivatives with a web-based solution for straight-through processing (STP) of real-time FX trading. The integrated interface is available in the newly released Reval 10.1.
This integrated offering combines FXall’s reporting, control and settlement capabilities, in addition to deep liquidity, from FXall’s provider banks and the sophisticated analytical tools of Reval’s software-as-a-service (SaaS) solution for managing each stage of the financial risk management business process. Corporate FX traders can access two-way executable prices simultaneously from multiple counterparties through the Reval user interface, deal on a live price, and receive immediate acknowledgement. Trades then flow into Reval’s industry-leading valuation and hedge accounting engines, and into FXall’s settlement centre and confirmation matching service.
“Our goal is to provide companies with unparalleled visibility and control over their FX risk management programs,” said Justin Brimfield, Reval senior vice president (SVP) of business development. “With increasing international exposure and currency volatility, companies are looking for comprehensive solutions that enable them to focus on analysis and effective hedging, rather than on calling banks and keying trades.”