FXall Press Release
FXALL PARTNERS WITH ONIX FOR ENHANCED FX TRADING
27 August 2008 - FXall, the world's leading foreign exchange platform, today announced a partnership agreement with Onix Solutions, a leading provider of financial market connectivity, trading solutions and FIX-enabled software. The agreement enables Onix Solutions clients to access Accelor, FXall's anonymous FX Electronic Communications Network (ECN).
Onix Solutions provides its hedge fund and asset management client base with pre-certified access to the Accelor platform with minimal development and certification. This enables Onix's client base to access a trusted source of liquidity and capitalise on the growing FX market. Onix's solution removes the need for varying IT solutions for multiple venues, providing its institutional trading clients with access to multiple liquidity pools via a consolidated platform.
Phil Weisberg, Chief Executive Officer at FXall, commented: "At FXall we are constantly looking to develop the partnerships and services that best serve new and existing clients. Recent growth in the FX market has been unparalleled as market participants embrace FX as an asset class in itself, and we're pleased to be partnering with Onix to facilitate connectivity to Accelor".
Richard Barker, Business Liaison Manager at Onix Solutions, added: "Appetite for exposure to the FX market continues to grow among our clients who value trading opportunities in this burgeoning market. Our solution streamlines the process, providing clients with fast and efficient access to FXall's advanced, anonymous trading platform".
About Kovair Software, Inc.
Kovair Software, Inc. is the innovation leader in global application lifecycle management solutions, supporting globally distributed multi-site application development. It's flagship product, Kovair Global Lifecycle, is a feature-rich, configurable, global development and integration framework that offers a complete set of integrated tools and processes for managing the entire application lifecycle. Architected with a common user interface and a shared repository to ease the complexities of "any time, anywhere" development, Kovair Global Lifecycle has been adopted rapidly in market sectors where there is a critical need for automated workflow and reliable, predictable application lifecycle management processes as implemented by Kovair's Omniprocess, Workflow for ITTM. Kovair includes built-in SDLC applications like Requirements Management, Change Management, and Helpdesk Management in addition to solutions for CMMI, ITIL, Project Portfolio Management or Agile Methodology. Kovair's integration infrastructure - Omnibus, Integration Bus for ITTM for third party tools provides customers with an extremely flexible and globally integrated development environment. Founded in the year 2000, Kovair Software has offices in Silicon Valley, California and Kolkata, India.
For more information, visit www.kovair.com or call 408-262-0200 x2007.
About FXall
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FXall is the leading provider of automated trading and workflow solutions for FX and treasury, offering trade execution, workflow tools, control and compliance and straight-through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control and cost savings at every stage of the deal lifecycle.
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FXall provides customers with the ability to meet best practice guidelines prescribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
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FXall is an independent company with offices in New York, London, Boston, Tokyo and Singapore.
FXall's services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall's services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.
FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).
FXall, FXall Trading, Accelor, Accelorate, Settlement Center, Market Insight, QuickConnect, QuickFill, QuickOMS, QuickTrade and all associated logos are the trademarks of FX Alliance LLC.
For more information on FXall, visit www.fxall.com.
For more information on Accelor, visit www.accelortrading.com.
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For further information, please contact:
FXall
Telephone: +44 20 7173 9600
info@fxall.com
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
Robert Roessler
Penrose Financial
Telephone: +44 20 7786 4892
robertr@penrose.co.uk
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