IFX upgrades FX back office
IFX Markets Ltd (IFX) has recently launched a new FX back-office system from London-based vendor ForexManage.
IFX Markets Ltd (IFX) has recently launched a new FX back-office system from London-based vendor ForexManage. The system allows both IFX's customers and in-house traders to view real-time positions across their portfolios - including FX spot, forwards and options transactions - from IFX's e-trading platform, and provides a wide range of risk management tools.
"It will completely change the customers' experience of dealing with us - it makes the platform far more user-friendly." said Steve Pryor, the company's Head of FX sales in London. Features include the ability to see end-of-day statements, real-time position statements and P&L reports. The ForexManage system also covers bullion transactions at IFX. Futures and London Metal Exchange products will be added in the coming months, said Pryor. The futures launch ties in with IFX's link-up with UK derivatives trading software provider Patsystems to provide FX spot and exchange-for-physical FX futures on its J-Trader platform, expected to go live at the end of April.