Brown Brothers Harriman has launched a Web-based version of FX IndexLink, a proprietary currency-trading tool that enables clients to reduce their intra-day risk profile by providing benchmark neutral execution of foreign exchange transactions.
The product offers electronic transfer of trade details and enhanced trade aggregation capabilities.
Global investors can use FX IndexLink to simplify currency transactions related to contract hedging, or dividend and interest repatriation, says Brenda Kerins, vice president and head of FX e-commerce marketing at BBH.