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FXall for...
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| Date: July 2005 |
Volume: 11 |
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18-20 September 2005
12th International Conference on Hedge Fund Investments
Fairmont Southampton, Bermuda
Organized by Marhedge
FXall will be exhibiting at this event please visit our booth for a demo
20-21 September 2005
Forex Network
The Hyatt Regency, Chicago
Organized by Profit & Loss
FXall will be exhibiting at this event please visit our booth for a demo
25-27 September 2005
2005 Charles River Client Conference
Boca Raton Resort and Club, Florida
Organized by Charles River Development
FXall will be exhibiting at this event please visit our booth for a demo
5-7 October 2005
14th Annual Conference on International Cash & Treasury Management and European Cash, Treasury &
Finance for Companies in Germany
Estrel Convention Centre, Berlin, Germany
Organized by EuroFinance
FXall will be speaking and exhibiting at this event please visit L30 for a demo
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Greenwich Associates' 25th annual survey of foreign exchange users reports that online trading volumes doubled in 2004, rising from $8 trillion to nearly $16 trillion.
Demand from buy-side institutions continues to grow, with some 44% of organizations now trading FX electronically, up from 39% the previous year.
The most commonly cited benefits of online trading were faster executions and increased efficiency and productivity. The report surveyed more than 1,400 FX users worldwide.
Click here for the Greenwich website
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Daily trading volumes on FXall have surpassed $35 billion.
The rise in volumes has in part been driven by a strong increase in activity by active traders like hedge funds, CTAs and investment advisors.
Click here for the full press release
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FXall has published a guide to achieving best practice in foreign exchange trading.
The handbook, which was distributed with May's edition of Euromoney, addresses best execution, Sarbanes Oxley, IAS 39, prime brokerage standards and industry best practices.
If you would like to receive a copy, please email info@fxall.com
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FXall has recently added Brazil as an approved jurisdiction for trading and research.
For information about this or FXall's other jurisdictions, please contact your relationship manager.
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Cyril Cottu, executive director and co-head of FX asset sales at Goldman Sachs in London, has been appointed as chairman of FXall. Cottu replaces RBS's head of e-ventures Martin Spurr in the role, which is elected annually.
Cottu has been with Goldman Sachs since 1998, and has played a major role in developing the bank's FX e-commerce strategy. He has more than 12 years' experience in the foreign exchange markets, including senior FX sales and marketing at Union Européene de CIC and Banque Paribas/Paribas Capital Markets.
Click here for the full press release
Takashi Uyeda has joined FXall as Senior Director, Head of FXall, Japan.
Uyeda, who will be based in FXall's Tokyo office, will be responsible for developing FXall's growing franchise in Japan. His focus includes managing relationships with existing customers and providers, and leading sales of FXall's expanding product offering to the buy-side.
Click here for the full press release
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SunTrust Banks and U.S. Bank have joined FXall as liquidity providers, bringing the total number of FXall provider banks to more than 60.
SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. The company operates an extensive distribution network throughout the Southeast and Mid-Atlantic regions, and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services.
Based in Minneapolis, U.S. Bank is one of the largest financial services companies in the United States. It provides a full line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
To add SunTrust Banks or U.S. Bank to your list of liquidity providers, please email support@fxall.com
Click here for the full press release
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FXall's client base continues to expand as online trading gains momentum with all client segments.
FXall is the platform of choice for the world's largest corporations, with more than half of the Forbes Top 100 and S&P 100 now doing business on FXall.
The platform has also seen a surge in adoption from asset managers following the launch of FXall Altair. More than a third of the Global Investor Top 100 Asset Managers now trade on FXall.
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FXall has enhanced QuickFill to deliver even greater benefits to active traders. The latest release of the service includes new functionality for bids and offers and more flexible execution options.
Bids and offers: Clients can now enter resting bids and offers on QuickFill. They can also opt to accept partial fills, and to automatically re-bid balances.
Multibank execution: For the first time, a single deal can be spread across multiple providers.
Please contact your relationship manager to see a demo of QuickFill's latest enhancements.
Click here to learn more about QuickFill
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QuickOMS is a flexible solution that can automate every user's unique requirements, no matter how complex. Its advanced suite of workflow tools can be used alone or in combination with QuickTrade, FXall's market-leading trading solution, to streamline trading and order management.
Simplify order preparation: Clients can upload existing orders, create orders manually, or use QuickOMSs automatic netting functionality.
Achieve compliance: QuickOMS allows for up to three levels of segregation of duty to facilitate compliance with maker-checker rules.
Execute complex trades in competition: Clients can use QuickOMS with QuickTrade to trade the block amount in competition, then split or roll it forward with the winning provider.
Streamline execution across multiple currencies: QuickOMS offers comprehensive cross-currency netting capabilities, helping traders streamline execution and save bid-offer spread.
Please contact your relationship manager to see a demo of QuickOMS.
Click here to learn more about QuickOMS
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Agilent, a global technology company headquartered in Palo Alto, California, has gone live with a customized interface developed by FXall and Richmond Software. The solution uses FXall's STP tool, QuickConnect, to deliver seamless connectivity between FXall and Agilent's treasury management system, Odyssey. Orders generated in Odyssey are uploaded into FXall for execution and confirmation. Trading and confirmation details are then automatically downloaded back into Odyssey.
Robert Lau, FX and Corporate Finance Manager, Agilent, commented: "With this customized interface, Agilent is able to automate the review and approval of FX transactions within Odyssey. This is a significant benefit for Agilent as all documentation of trading activity is contained in Odyssey and FXall, allowing us to eliminate paper documentation and provide an automated solution for SOX Compliance."
Richmond Software is a member of FXall's Partner Channel, a group of leading portfolio and treasury management solutions vendors who have worked with FXall to provide clients with STP. Through QuickConnect, FXall can connect to any customer system for end-to-end automation.
Click here to find out more about Partner Channel
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Rotterdam-based oil company Petroplus has automated its foreign exchange operations with FXall. Since going live with the platform in March 2004, Petroplus has moved more than 50% of its volumes online. Trading on FXall has enabled the company to realize significant cost and efficiency benefits, as well as enhancing relationships with liquidity providers and facilitating compliance with industry reporting and accounting guidelines.
Leon Duivenvoorden, Manager, Finance and Treasury Operations, Petroplus, explained: "FXall makes execution faster and reduces errors. It is user-friendly, and has deep liquidity and high volumes - so pricing is always very good."
Click here for an interview with Leon Duivenvoorden included in the July issue of e-Forex magazine.
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