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Refco first to use TradeTrac for FX
Refco, the world's largest non-bank futures commission merchant, is the first firm to announce it is using TradeTrac to manage its forex risk.
TradeTrac, developed by Pennsylvania-based Financial Software Systems (FSS) and New York-based PFS Trader Tools, is a mix of the two firms' products -- FSS's MarginTrac front- to back-office FX tool and PFS's order management product, OrderTrac -- and was launched in February (FX Week, March 4).
Refco said it is using
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