Partnership delivers STP workflow efficiencies for FX hedgers
Reval (www.reval.com), the leading financial risk management solutions provider to corporate end-users globally, and FXall (www.fxall.com), the world’s leading electronic foreign exchange platform, announced today that they have completed the integration of their platforms to provide corporate end-users of derivatives with a Web-based solution for straight-through processing of real-time foreign exchange trading. The tightly integrated interface is available in the newly released Reval 10.1. Demonstrations will be given at the Reval booth(#537) and the FXall booth (#1632) throughout the conference.
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 Center and confirmation matching service.
“Our goal is to provide companies with unparalleled visibility and control over their FX risk management programs,” says Reval Senior Vice President of Business Development Justin Brimfield. “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.”
“Speed, control and transparency are key issues for corporate treasurers who need to be able to trade efficiently and confidently on a daily basis,” says Jim Kwiatkowski, Head of Sales, Americas at FXall. “The integration borne of this partnership will offer hedgers and risk managers unique access to the operational benefits and cost savings of a single, end-to-end FX hedging solution."
For more information about Reval, please contact info@reval.com.
Other suggested links: twitter.com/revalacctg4risk
About Reval
Reval provides an award-winning Web-based platform that automates corporate financial risk management for a wide range of interest rate, foreign exchange, commodity and credit derivatives. The world’s leading corporations and financial institutions use this SOX-compliant Software-as-a-Service to support and execute hedging strategies from exposure capture through performance measurement and to comply with international and domestic accounting standards, including ASC 815 (FAS 133), ASC 820 (FAS 157), IAS 39 and IFRS 7. Reval deploys rapidly and integrates easily with treasury management and ERP systems. The company’s SaaS platform and team of financial experts are also available on an outsourced basis through Reval Center™. Reval was founded in 1999 and is headquartered in New York, with regional centers based in Philadelphia, Chicago, San Francisco, Toronto, London, Frankfurt, Sydney, Hong Kong, and Gurgaon.
About FXall
FXall gives institutional clients an edge in foreign exchange trading as the leading independent electronic platform. We deliver the expertise, resources and commitment of a neutral platform with the broadest suite of FX trading solutions that combine execution tools with end-to-end workflow management and straight through processing. Our flexible tool set delivers the right execution strategies and liquidity in all market conditions for over 1,000 institutions globally. FXall’s offices in New York, Boston, London, Tokyo, Singapore and Sydney serve the needs of active traders, asset managers, corporate treasurers, banks, broker-dealers and prime brokers. For more information on FXall, visit: www.fxall.com
PR Contacts:
Reval
Zoe Sochor, Public Relations, +1 860 7076, zoe.sochor@reval.com
Tracy Kantrowitz, North America, +1 212 901 9711, tracy.kantrowitz@reval.com
Brendan nel, EMEA and APAC, + 852 2273 5529 brendan.nel@reval.com
FXall
Kirsty Fitzpatrick, MHP Communications, +44 (0)20 3128 8577, kirsty.fitzpatrick@mhpc.com
Robert Roessler, MHP Communications, +44 (0)20 3128 8592, robert.roessler@mhpc.com