Tech briefs

ForeXTrend powered by COESfx trading platform

New York-based electronic currency network COESfx is to supply its trading platform to power Florida-based online FX trader ForeXTrend. The agreement will market the platform to retail and introducing broker clients.

The COES (Currency Order Execution System) Level 1 platform offers bid/offer quotes directly from price providers and other traders. All traders are therefore market-makers with the ability to post bids and offers.

Trema expands UK office

Swedish technology firm Trema has expanded in the UK with a move to new premises and the appointment of a new global sales director.

Trema saw year-on-year growth in revenues of 17% in 2002 across its asset management, banking and corporate sectors, and expects to continue to gain market share as it focuses sales efforts in the UK, said Kari Makela, a member of the Trema board.

The appointment of Aislinn McKibbin as global sales director for financial institutions, based in London, follows the addition of two sales staff in London in July (FX Week, July 14).

Tradition renews use of kACE

Tradition North America, a US subsidiary of Swiss broker Compagnie Financière Tradition, will continue to use UK-based Kalahari's kACE pricing and analytics solution following the renewal of its user agreement.

Tradition began using kACE two years ago for its interest rate swaps, foreign exchange and interest rate options desks.

kACE provides real-time analytics, price discovery and decision support for brokers, banks and other financial institutions and corporations. Prices and calculations can be shared across the internet, a firm's intranet or a network.

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