Citicorp subsidiary Crossmar is extending the functionality of its FXMatch customer settlement system to support currency options and a mark-to-market service, officials say.

The company is targeting the new service at global custodians. The system enhancements are scheduled for completion in the third or fourth quarter. Crossmar recently completed extending FXMatch's capabilities to include settlement support for money market instruments.

FXMatch uses Swift's network to offer interbank

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