Clients can now pass trade details seamlessly to and from FXall trading systems using Trade Center XML file formats to upload pre-trade orders to FXall for execution and to download executed trades from FXall into HedgeRx. The interface has the proper controls and workflow that will timestamp and audit all deals and provide the necessary status and error reporting.
In addition to the FXall interface, the new version 7.1 of HedgeRx also further enhances its FX front office workflow by adding bid tracking. Clients can track bids from counterparties, enter multiple bids per trade and per counterparty and on multiple dates. The bid tracking has controls and process with an audit trail for accepted or rejected bids. Clients can run counterparty reports against the bid tracking results to see the win/loss ratios that corporate end users utilize to show how good their FX dealers really performed.
âWe have been investing heavily into R&D and we are excited to see the fruits of our labor pay off with more exciting features and modules in our 26th upgrade of HedgeRx since 2001â said Jiro Okochi, CEO and Co-founder of Reval. âThe addition of the FXall interface and bid tracking, combined with advanced analytics, risk management and hedge accounting features, really takes our FX module to the next levelâ.
Jim Kwiatowski, Head of Sales, Americas at FXall says âWe are very excited to be able to leverage our cutting edge XML technology to offer a seamless integration to FXall solutions and straight through processing to the Reval client base".