Multi-Asset Online Trading - Corporates, Hedge Funds and Banks

IT&e's NextSet PTX (Private Trading eXchange) is a multi-asset web-based transaction platform that enables banks and finacial institutions to define products and to buy and sell these products with corporate treasurers and institutional clients. Trades can be conducted from price requests to confirmation and settlement.

PTX can also be deployed by banks and financial institutions to enable trading in multiple asset classes including Foreign Exchange, Money Markets, Commercial Paper, Fixed Income, Repos, and Derivatives, and facilitates integration with all mid- and back-office systems.

PTX's support of multiple asset classes makes it unique, allowing the financial institution to offer cross-product exotics and making the online trading initiative cheaper and easier. PTX is also exceptionally flexible by enabling banks and financial institutions to create electronic trading support for new asset classes on the fly without making any changes to the software.


NextSet PTX as a Trading Platform for Providing Services to Other Financial Institutions

Using NextSet PTX regional banks or financial institutions can partner with correspondent banks and institutions to provide them with liquidity, trading services and in some cases a trading platform. The regional banks or institutions provide the rates/prices, transaction capabilities and settlement capabilities for the products in which they wish to provide liquidity. PTX easily and efficiently integrates completely into the systems of the regional banks or institutions and is therefore effectively a "pre-certified channel" for liquidity - thus providing a "ready-to-deploy" solution to the clients of the correspondent banks or institutions.

The regional banks or institutions can also provide the PTX application as a hosted service to correspondent banks or institutions. By so doing, the regional banks or institutions free the correspondent banks or institutions from investing in and maintaining technology.