Brown Brothers Harriman Foreign Exchange London Goes Live On FX Connect; BBH FX Adds Another Dealing Channel for Clients.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & LONDON--(BUSINESS WIRE)--Sept. 10, 2001 Brown Brothers Harriman (BBH BBH Brown Brothers Harriman (investment bank) BBH Bartle, Bogle, Hegarty (advertising agency) BBH Bouncing Busy Hour BBH Blueback Herring (FAO fish species code) ) Foreign Exchange announced today that the firm's London desk has joined FX Connect(SM), an electronic multibank foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the system available via Global Link. BBH FX has been live on FX Connect in the US since May 2001. BBH London joins a list of 25 other banks participating in the network including ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Credit Agricole Indosuez and Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank amongst others. FX Connect enables clients to trade foreign exchange with BBH FX on a proven multibank platform. Designed to fully interface with clients' existing systems, FX Connect enables investors to bulk trades across an unlimited number of portfolios with multiple banks, offering greater liquidity, flexibility and straight-through-processing efficiencies. BBH provides clients with a multitude of options to trade electronically that include additional multibank portals such as Atriax and FXall and BBH's proprietary e-commerce solutions, FX WorldView world·view n. In both senses also called Weltanschauung. 1. The overall perspective from which one sees and interprets the world. 2. A collection of beliefs about life and the universe held by an individual or a group. and FX IndexLink. Brenda Kerins, Vice President and head of FX e-Commerce at BBH said, "Our participation with FX Connect in the US has proven very successful. We are always looking to enhance our services in ways that help our clients face the challenges of today's rapidly changing financial markets. FX Connect is a well-regarded trading platform that provides another channel through which our clients can deal with BBH FX. Joining FX Connect in London supports our strategy to constantly add value and to make trading easier for our clients by offering a multitude of options that work best for them." About BBH A global leader with 180 years of experience, Brown Brothers Harriman (BBH) helps many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. BBH provides specialist services and innovative solutions to clients in over a 100 markets for custody, accounting, administration, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , foreign exchange, and brokerage services. Combining entrepreneurial thinking, innovative technology, and unmatched client service, BBH is consistently ranked among the world's top global custodians and maintains a presence in each of the principal financial centers around the globe. For more information on BBH's unique integrated approach, please visit www.bbh.com. About Global Link Established in 1996, State Street Corporation's Global Link Network provides clients access to a broad array of advanced e-finance applications and services across multiple asset classes with full connectivity to global investment managers' chosen trading destinations. Global Link is currently used by over 400 asset management companies, including 17 of the world's 20 largest. |
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