RXR Group Adds Minor Currencies To Double Currency Trading Capacity

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RXR Group, the U.S. institutional money manager, is doubling the number of currencies it trades and has built its own front- and back-office system to improve real-time order-entry and order-tracking processing, officials say.

"This represents somewhat of a new approach for RXR, in that we are including a lot more over-the-counter types of derivatives into our portfolio--specifically in the foreign exchange markets," says Mark Baker, assistant vice president in research development.

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