Financial Daily from THE HINDU group of publications
Thursday, Jun 20, 2002
Financial Daily from THE HINDU group of publications Thursday, Jun 20, 2002 |
|
|
|
|
|
Money & Banking
-
New Products & Services New forex trading platform launched Our Bureau
Mr Jignesh Shah, Managing Director & CEO, Financial Technologies (right), and Mr Gautam Ashra, Director, IBS Forex (P) Ltd, at a press conference in Mumbai on Wednesday.
MUMBAI, June 19 IBS Forex (P) Ltd has launched an indigenously developed foreign exchange trading platform for the inter-bank forex market `FXDirect'. FXDirect offers a online matching and dealing platform for foreign exchange trading that supports real time anonymous deal matching system for Spot USD/INR between banks in the inter-bank forex market in India. It also provides the inter-bank foreign exchange market a separate system for negotiated dealing between banks on a one-to-one basis. The company is promoted by Financial Technologies (India) Ltd, a company engaged in STP (straight through processing) technologies, and Mr Gautam Ashra of Kanji Pitamber and Co and Mr Parag Mehta of F.R.Ratnakar and Co. Mr Ashra and Mr Pitamber are also `forex intermediaries' for banks. Addressing a press conference here, Mr Jignesh Shah, Managing Director and CEO, Financial Technologies, said IBS Forex has taken on 15 banks as customers so far who will trade in the foreign exchange market using this platform and is looking for such tie-ups with more banks.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|