Risk tech firms partner to develop forex trading product

TradeTrac is a mix of FSS’s MarginTrac back-office forex tool and PFS’s order management product, OrderTrac. The firms said TradeTrac, which will offer straight-through processing, is capable of handling more than 10,000 forex transactions per day.

An FSS spokesman told RiskNews that TradeTrac is currently being tested by a major global brokerage and that the product will be marketed towards brokers, investment banks and hedge funds. FSS and PFS expect TradeTrac to be running within the next six weeks, although the cost of the product has yet to be decided. The spokesman added that the firms are looking to add equity derivatives functionality to TradeTrac.

“With TradeTrac, banks and brokerage firms can offer their clients the flexibility to control risks through leaving orders, while at the same time assuring the bank is insulated from counterparty risk through the efficient management of collateral,” said Yaacov Heidingsfeld, PFS chief operating officer.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Next-generation technologies and the future of trading

At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here