NextSet PTX Trading Application - Supports FX

The NextSet PTX online trading application now supports FX (spot, forward, time-based and swaps). The multi-asset trading application is ideal for Banks wanting to consolidate trading platforms and provide a single client interface for Cash, MoneyMarket, Commerical Paper, Fixed Income, and FX.

NextSet Software, Inc today announced the availability of the Foreign Exchange module for its NextSet PTX web-based trading application.

The online FX trading market is growing at a rapid pace", said Simon Yencken, NextSet CEO, and NextSet is pleased to offer full online FX functionality in its powerful and proven multi-asset PTX trading application."

NextSet PTX allows financial institutions to offer bi-lateral, web-based trading to their institutional and corporate clients. NextSet's PTX supports multiple asset classes (including Cash, Money Markets, Repo, Fixed Income, and Foreign Exchange) on the same platform. It also supports channel interfaces, via APIs, to popular FX trading exchange systems, allowing Banks to reach clients in the public and private markets.

Mr. Yencken went on to say, due to the discontinuation of Reuters Automated Dealing system, many Banks will be forced to re-integrate a new eFX trading solution. Why not install a proven, Java-based, multi-asset system that can easily trade FX, FI, Cash, MM, and other products and integrate readily to the banks various back-and mid-office systems?" The advantages are lower maintenance and integration efforts, consolidated views of clients activities & positions, common administration features across all products, and a single web-based trading interface for clients.

The PTX-FX module supports:

·    Spot, Forwards, Time Options, & Swaps

·    One-Way and Two-Way pricing

·    Different Order Types and Negotiation

·    Pre-deliveries, & Historical Rate Rollovers

·    Flexible margining

·    Unlimited number of Currency Pairs

·    Integration with multiple real-time rate feeds

·    Interfaces to 3rd party FX exchange systems via APIs (e.g., FXall, Currenex)

·    STP to Banks back- and mid-office systems

·    White labeling of FX products to correspondents and other financial institutions

NextSet is a private company headquartered in Palo Alto, California. NextSet maintains a development center in Chennai, India and has a regional office serving the Asia Pacific in Melbourne, Australia.

For more information, please visit our website at www.nextset.com.

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NextSet, NextSet PTX, and the NextSet logo are trademarks of NextSet Software, Inc.

Contact:

Robert Biczek

VP, Sales

+1.650. 251.4165

rbiczek@nextset.com

Simon A. Yencken

CEO

+1.650.251.4001; or +61 40 791-6742

syencken@nextset.com