Citibank in New York has signed up for a currency derivatives system from Philadelphia-based FNX Limited. The FNX Foreign Exchange System will be used at around ten positions on the bank's forex derivatives desk and includes facilities for deal-capture, pricing and analysis, position-keeping and reporting. The system covers a variety of instruments, including spot/forward currency transactions; OTC and exchange-traded currency options; and exotics such as average-rate, barrier and lookback

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