IRIS
IBS Forex (P) Ltd. along with Financial Technologies India LTD, the leader in
mission-critical STP technologies for the financial services space, on Wednesday
launched India’s first indigenously developed Foreign Exchange Trading
Platform — FXDirectT for the inter-bank forex market.
Financial Technologies, the leading IPR enterprise is the ‘Technology Partner’
in this initiative and has developed this exchange platform using its Straight
Through Processing (STP) technology framework.
Through FXDirectT, IBS Forex offers state of the art online matching and dealing
platform for foreign exchange trading that supports real time anonymous deal
matching system for spot USD/INR trades between banks in the inter-bank forex
market in India. FXDirectT also proves the inter-bank foreign exchange market a
separate system for negotiated dealing between the banks on a one-to one basis.
Source: myiris.com