Lehman Brothers Inc. Joins the InfoReach Inc. FX Broker Network
NEW YORK, August 30, 2005 — Leading portfolio trading technology provider InfoReach, Inc. (www.inforeachinc.com) has added Lehman Brothers, a global investment bank headquartered in New York, to its growing foreign exchange (FX) broker network. As a result, InfoReach clients now have greater FX functionality and liquidity within the InfoReach Trade Management System (InfoReach TMS).
Rather than using a single-broker business model, InfoReach chose its broker network format to allow flexibility in trading. InfoReach users can electronically execute, confirm and view FX trades, open positions, bookkeeping, balances and intra-day valuations 24 hours a day. Each addition to the broker network is a valuable enhancement to the InfoReach TMS suite, which also integrates order entry, rule-based trading, order management and FIX connectivity in a broker-neutral platform.
The FX component rounds out InfoReach TMS, which includes the ability to trade equities, options and futures. According to InfoReach president Allen Zaydlin, the addition of Lehman Brothers is part of an ongoing effort by InfoReach to include a full range of brokers within the InfoReach FX network. Earlier this year, the company reached a similar agreement with HotspotFXi to bundle 24-hour trading in the HotspotFXi marketplace with InfoReach TMS.
"Each new FX broker within the InfoReach network expands the scope of services available to our existing and prospective clients, as well as to our partner brokers' clients," Zaydlin explained. "We are continuously expanding the functionality of our product, and a broad and varied FX broker network is an important part of our commitment to offer our clients the greatest functionality – and value – in the industry."
About InfoReach, Inc.
Since 1995, InfoReach has focused on providing leading software solutions for the electronic trading of financial securities. The company's open, scalable and flexible products for firm-wide order execution and management include InfoReach FIX Engine and InfoReach TMS. A wide variety of features, combined with committed support, have made InfoReach the technology of choice for many major buy- and sell-side financial institutions.
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