FNX launches margin trading and client management solution
The system is already in use by two undisclosed global banks for FX and FX options.
It was developed in conjunction with an unnamed global bank to serve the growing high-volume trading client base, said Paul Gibson, global head of business development at FNX in Philadelphia.
The system enables cross-asset margining in FX, FX options, money markets, fixed-income, equities, interest rate derivatives and commodities. Real-time risk monitoring takes place on a 24-hour basis seven days a week.
Gibson
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