US – Bank of New York (BoNY) has launched two expanded electronic foreign exchange services, a real-time business-to-business trade execution service iFX B2B, and iFX Express, a new version of its order management and execution system iFX Manager.

The former is designed to provide securities exchanges and online brokers with online equity trading, funds transfer services and sales of foreign goods via the internet and in local currencies.

IFX Express, also an internet based system, offers real-time quotas and charts for two click trading. Unlike the iFX Manager system, it is designed for clients who want to utilise electronic transactions but do not require order management and system integration.

“We now provide the most comprehensive and flexible set of e-FX electronic foreign_exchange services available today. Our range of services is designed to meet the complete FX needs, both direct and indirect, of all of our clients,” says Richard Estes, vice president and head of FX e-commerce at Bank of New York.