Philadelphia, December 13, 2004 - Aspen Hedge, a division of FNX Limited exclusively dedicated to providing leading trading and risk management solutions to the buy side community, announced today that a prestigious North American prop trading firm, has selected Aspen Hedge as its consolidated FX portfolio and risk management platform.
The firm will be using Aspen Hedge to consolidate and manage its entire FX
portfolio on a firm-wide basis. Given the rich set of interfaces and robust
connectivity provided by Aspen Hedge, they will be able to consolidate all their FX trades from numerous FX trading and execution platforms into one
consistent firm-wide view of the FX book in real-time.
Delivered through an ASP and with a proven on-boarding process, Aspen Hedge
requires a fraction of the time and cost involved in a typical implementation project. With a simple Internet connection, authorized users can easily access all positions and trades through the Aspen Hedge position and trade blotters. Further Aspen Hedge allows clients to easily extend into other asset classes including FX Options, Fixed Income Money Market and Interest Rate Derivatives. Aspen Hedge will be extending the asset class coverage to include Credit Derivatives in early 2005.
Finn Christensen, President of Aspen Hedge added: "I am absolutely delighted to welcome this new customer to our growing Aspen Hedge family. To come out on top in this selection process is a great testament to our product, service and company. We look forward to a long and mutually successful relationship with them."
