| Problem: |
A major financial corporation is required by regulators and auditors to provide competitive foreign
exchange rates to its clients. This proves to be an expensive labor intensive operation. |
| Insight: |
The foreign exchange market is an extremely dynamic market, with prices in major currencies changing constantly. Price transparency cannot be achieved without technology. |
| Solution: |
Development of an online foreign exchange service with multiple market makers simultaneously entering
prices for specific quote requests. |
| Results: |
The corporation was able to obtain more competitive foreign exchange rates at a lower operational cost. |
