INTL FC Stone, the New York based specialised financial services provider is launching a real time FX gateway product in the first quarter of next year. For some time the firm has been able to monitor clients’ existing net open positions (NOP) across a range FX ECN venues. With the new technology that it is currently implementing with Tradair, it will now be able to refine its clients’ and its own credit positions more accurately in real time.
“We are now going to bring clients technology that will provide certainty”, says Joe Conlan, Global Head of Sales, at INTL FCStone Markets LLC. “Every order goes through the gateway and into whatever ECN the customer wants. We will be netting the positions in real time which will allow us and our clients to manage risk in real time. The client can see where the NOP is before an order executes. This technology is coming to the market place and we are looking to employ it”, he states.