Wachovia takes BEA system

Online FX, which was launched in April this year (FX Week, April 28) was developed in-house. It covers spot, forward and cross-currency deals.

Selecting BEA and self-developing has afforded Wachovia tighter control over its web-based FX business, said Alicia Tiracave, director of currency risk management at Wachovia in North Carolina. Wachovia also confirmed that the new Java-based platform replaces the offsite, outsourced FX trading platform that was provided by Irish vendor Cognotec from which

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