July 21, 2003-Bala Cynwyd, PA-FXpress Corporation, a leading provider of treasury risk management software, today announced the celebration of 10 years of delivering market-leading software solutions for the management of corporate treasuries at Fortune 500 companies. The corporation is pleased to mark this milestone with the announcement that FXpress was recently ranked first in customer satisfaction among treasury management systems globally, and with the release of FXpress Interest Rate System Trader (FIRST) and FXpress Version 6.5, both due out at the end of September.
The customer satisfaction rating was released in a paper by Greenwich Associates, an international research-based consulting firm in institutional financial services, and was based on a late 2002 study that consisted of interviews with more than 2,200 treasury officers at corporate, financial and government institutions around the world. The study also found that FXpress holds a formidable American market share and offers many of the features that TMS users will be demanding from their solutions in the future, including straight-through processing (STP) and Web-based technology.
The new products are due for release September 30, 2003. FIRST is a comprehensive bundle of applications for managing interest rate exposure that is built on the most advanced Web-based technology. FXpress Version 6.5 has more functionality than previous versions, including the capacity to support the trading of non-deliverable forwards.
"The fact that our tenth anniversary is being marked by so much progress in terms of product development and market leadership are testaments to the effort that FXpress has made to set a standard of excellence in building on the most advanced technology to meet the unique needs of treasury departments at the worldâs largest and most complex treasury departments," said Bob Richardson, Managing Director of FXpress. "We could not be happier with the results of the effort we have put into maintaining this standard."