i-Forwards
By creating i-Forwards, we have introduced a “hybrid” model, co-mingling the liquidity of electronic and voice broking and utilising functionality to improve our service throughout the forward curve. The i-Forwards platform is now installed with 45 banks in Europe and the US. A full scale launch in Asia is planned for Q4 of 2005. The platform covers the main forward foreign exchange markets: EUR, JPY, GBP, AUD, NZD, CAD and CHF. In Scandi currencies DKK is currently live with SEK and NOK to follow in September. Other currencies planned for release in Q4 2005 are ZAR, HKD and SGD.
We also provide enhanced electronic efficiencies to customers. These include:
1) CLS Bank trading screen
2) Full Straight Through Processing of both voice and electronic trades
3) Multi-price order entry, by either electronic or manual download
4) Spot restricted orders
5) Ability to suggest increased deal ticket size at point of trade