FX news: FXall upgrades to 4.0
FXall claims the release of version 4.0 of its trading platform brings together key benefits for all their clients: active traders, asset managers, banks and corporate treasurers. The release integrates functionality and liquidity with Citi’s former active platform (LavaFX) – which FXall purchased at the beginning of 2010 – within FXall’s aggregator. Liquidity has been replicated, along with access to new order types including time-weighted average price (Twap), pegging, one cancels the other (OCO), market and stop-loss orders.
For real-money and corporate clients who use FXall’s relationship trading capabilities, multiple new workflow features – including enhanced role and entity-level controls – have also been released recently to strengthen risk management and internal compliance. New GUI enhancements, such as multiple blotter and filtering alternatives, pre-trade analytics and expanded order netting capabilities improve the overall system usability.
Phil Weisberg, CEO at FXall, says: “Our post-acquisition integration has proceeded smoothly, so we now deliver the broadest range of execution strategies – a leading anonymous ECN, advanced order types, ultra low-latency performance and deep liquidity – within one comprehensive solution.