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Reval Continues Push For STP with Launch of XML Interface to FXall Trading Platform

  • 08 November, 2007 13:45

<p>Reval®, a global leader in financial risk management solutions and services, is pleased to announce the release of a bi-directional XML interface between its HedgeRx® derivative solution and FXall®, the leading independent multi-bank foreign exchange trading platform.</p>
<p>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.</p>
<p>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.</p>
<p>“We have been investing heavily into R&amp;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 2001” said Jiro Okochi, CEO and Co-founder of Reval. “The 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 level”.</p>
<p>Jim Kwiatowski, Head of Sales, Americas at FXall says “We 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".</p>
<p><b>About Reval </b></p>
<p>Reval® is the leading derivatives risk management solution provider delivered under the Software as a Service (SaaS) model, for companies hedging Foreign Exchange, Interest Rate, Energy or Commodity risk. Designed for financial professionals by financial professionals, Reval's fully hosted web based solutions help companies follow the requirements of derivative hedge accounting (FAS 133, IAS 39, CICA 3865) and gain better controls to support Sarbanes-Oxley compliance. The benchmark for treasury best practices, Reval's products can be rapidly deployed and are easily integrated with other systems. Founded in 1999 and based in New York and London, Reval maintains a global client base of corporate treasuries, insurance companies and financial institutions that hedge with derivatives.</p>
<p>For more information, visit www.reval.com or email info@reval.com.</p>
<p><b>Note to editors:</b></p>
<p>Trademarks and registered trademarks remain the property of their respective owners.</p>
<p><b>Media Contact</b></p>
<p>Dana Hartwig</p>
<p>Ph: 02 9212 3848</p>
<p>e: dana@kinetics.com.au</p>

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