FX Interface - UBS Fx2B

FX is among the most dynamic and liquid markets in the world. ITREXS³ FX Interface enables the investor to directly trade in forex using profesional tools like RealTick or ITREXS³ web frontend. Forex trading with ITREXS³ means quotation and dealing in real-time 24 x 7 including settlement. ITREXS³ FX Interface connects to the worldwide leader in FX - UBS Warburg Fx2B. Fx2B provides the investor with an up-to-date and fair implied exchange rate at all times. Trades can be executed directly at the rate provided. The ITREXS³ FX Interface implies several intelligent features:

  • automated calculation of spread
  • monitoring & intercepting feature
  • netting functionality

The interface fully automatic calculates a certain percentage (the provider’s commission) on top of the spread received from Fx2B. The provider automatically generates revenue from his customer’s forex dealings. With an interceptor interface, the provider decides how trades route. Trades fulfilling certain parameters (monitoring) can then go different routing ways for e.g. to be filled against the provider’s own forex positions. End of day the positions net with the Fx2B platform this reducing settling interaction to a minimum.

The combination of security and forex trades also enables more flexibility in forming the provider’s overall pricing strategy. Equity deals in foreign exchanges can trigger an automated forex deal.

ITREXS³ FX Interface is part of the ITREXS³ application & business service providing concept (ASP+BSP). ITREXS³ forex solution is suitable for outsourcing services. The financial institute can offer other financial institutions the ITREXS³ forex solution “white label” out of one data centre.

Implementation into a Bank

Dependent on the client's strategy different settings for FX trading with ITREXS³ are available:

Example: Working hours
 

Example: Non-working hours
 
  • All FX deals are forwarded to the FX dealer, who executes manually
  • and/or: FX deals of certain size or currency are forwarded to the FX dealer (e.g. to be matched by bank‘s own positions)
  • Fully automated a spread configurable to group of customer is calculated
  • All FX deals are directly quoted & matched through FX interface
  • Fully automated a spread configurable to group of customer is calculated