Bank One takes MarginMan

The bank will use the tool to monitor the level of available credit used by customers and recalculate collateral value in real time. The bank asked Integral to make extensions to the platform for its particularly aggressive margining terms, said Harpal Sandhu, chief executive of Integral.

The move underscores an expansion in FX at the bank -- it recently announced 13 new additions to its FX team in a bid to capture more top-tier corporate business (FX Week, January 27).

The bank’s other FX tra