Reval launches low-cost hedging tool for corporates

TECHNOLOGY NEWS

NEW YORK -- Risk management system provider Reval has developed an online derivatives hedging service, called Reval Express, to enable US corporates to comply with derivatives Financial Accounting Standard 133. The system offers FX and interest rate modules, though clients have only signed to the rates facility so far.

The online valuation and back-office reporting system, intended to provide an affordable means for firms that hedge only lightly, will cost $6,000 a year for companies executi