Portware to launch automated FX hedging tools

ETRM

Trading software vendor Portware is set to expand its offering with new foreign exchange functionalities at the end of October, including an automated FX hedging tool adapted from an existing product originally created for a systematic hedge fund client.

Jim Tyler, global head of sales engineering at Portware in London, says the tool has been developed to manage the currency risks that can arise in the time it takes for post-trade processes to be carried out in asset classes such as equities.

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