COESfx Licenses TradeTrac
TradeTrac, the total solution for order trading and margin management of foreign exchange products, has been licensed by COESfx, of Plainview, New York.
TradeTrac, the total solution for order trading and margin management of foreign exchange products, has been licensed by COESfx, of Plainview, New York. This licensing agreement was announced by Financial Software Systems and PFS TraderTools, who jointly developed the system. TradeTrac combines the margin trading functionality of MarginTrac with the order management functionality of OrderTrac by incorporating real-time web-dealing with sophisticated order entry, collateral tracking, position tracking, real-time collateral and position revaluation, as well as real-time calculation of margin requirements.
TradeTrac provides a seamless solution for collateralized and credit-based foreign exchange trading for banks and brokerages. The solution handles all aspects of trade processing from the placing of orders over the web, through margin checks, through deal capture, and ultimately to general ledger accounting and enables clients to be provided with web-dealing against real-time streaming prices, order management, while conducting real-time on-line checks against the current value of their collateral.