Trema corners central bank FX market

The firm’s client list now boasts 10 central banks as far afield as Thailand and South Africa, but Trema’s grip on the market is strongest in Europe. This is due to a deal struck by the European Central Bank in 1999 to use Trema’s Finance Kit product for its management of FX reserves.

"The European Central Bank decentralises euro financial markets operations to the euro system national central banks, so when we signed them, that put Finance Kit on the desktops of all the euro system central b