RXR Group Adds Minor Currencies To Double Currency Trading Capacity

FUNDS

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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