NextSet enters forex market

The FX module offers both request-for-quote and firm indicative prices, covering spot, forward, time options and swaps. It completes release 1.0 of PTX, which already supports cash, money markets, repo and fixed income. The target market is large regional banks, rather than ‘money centre’ banks, which with their in-house developed systems are usually a "tough sell", Brown said.

PTX is based on Java and XML and supports the HP-UX Unix, Sun Solaris, Microsoft Windows and Linux operating systems

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