California-based capital markets platform, FinancialOxygen, has launched a new economic advisory service for institutional and middle market customers.
The service will offer analysis, and short-term and intermediate-term forecasts of important US economic indicators and trends, Federal Reserve policy decisions, and interest rates.
Steven Wood, former managing director and senior economist with Banc of America Securities is to run the programme. He joined FinancialOxygen in February.
He says: "Over the next few months, we will expand the economic advisory service and offer additional products and services to help our clients manage their investment decisions."
The service is immediately available over FinancialOxygen's online trading hub, BankOxygen. BankOxygen connects large providers of wholesale investment products with mid-sized banks, thrifts and credit unions. The platform currently executes more than $1 billion a day in transactions says the company.