New Software For Forward Trading, Foraid Resolves Profit Discrepancies

TECHNOLOGY

London-based software firm the Foraid Group has started marketing a system for pricing and position keeping in the forwards market. Called Forward Foreign Exchange Trading Aid, or Foraid, the software is designed to run on an existing PC or mainframe network, according to sales director, John Lister.

Lister, a former swaps trader at Manufacturers Hanover Trust in London, is one of three partners in the enterprise. Martin Nelson, U.K. treasury systems manager at Standard Chartered Bank, who

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