Patsystems links to IFX markets

Patsystems J-Trader will be linked through an interface to IFX's matching engine to offer FX spot, exchange-for-physical currency futures. The link will not be seamless, however, as Patsystems clients will have to open an account with IFX directly before the IFX adaptor can be installed, said a spokesperson for Patsystems. The adaptor is due to be launched by the end of Q1 2004.

Patsystems announced its intention to expand into FX, with a partner bank, last month (FX Week, October 27). The sp