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Russell Investments Joseph Hoffman

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Russell Investments RFX Network extends accessibility via Eze Software

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Global asset manager Russell Investments’ Russell FX Network is now accessible to clients via Eze Software Group’s order management system, expanding RFX Network’s real-time connectivity to the global financial community.

RFX Network is an end-to-end trading solution for complex trade lists, featuring executable streaming prices, competitive forward points, advanced netting, client-to-client matching and allocation of foreign exchange (FX) transactions.
 
Developed in partnership with Integral Development, an FX technology company, RFX Network combines these features into an intuitive and easy-to-use workflow for the buy-side community, including pension funds and asset managers.
 
“Connecting via Eze Software, a premier provider of global investment technology, extends Russell Investments’ communication capabilities for FX trading,” says Joseph Hoffman (pictured), director, global head of currency for the investment services group at Russell Investments. “We’re very pleased to have taken this latest step to make the revolutionary capability of RFX Network even more accessible for the global investment community.”
 
Hoffman says electronic communication and trading are increasingly important in currency transactions, and this newly accessible electronic capability makes it easier for Eze Software users to communicate with Russell Investments.
 
RFX Network allows buy-side firms to automate execution of complex trade lists with an advanced solution that aims to reduce transaction costs while maximising operational efficiency. It achieves this by combining internal netting capabilities, an FX facility that matches customer interests at the midrate, and advanced trading algorithms into a comprehensive FX execution service.
 
“Participants can benefit from advanced netting, process automation and best execution while minimising market impact of their orders,” Hoffman says.
 
Investors can place orders electronically into RFX Network or have Russell Investments process them on their behalf.
 
From RFX Network, traders can choose from multiple netting plans to net internally within their trading portfolio, and even match externally amongst the larger buy-side community, before executing competitively against multiple bank providers.
 
RFX also handles Fixing trade lists, allowing users to match externally with other investors and execute any unmatched residual by a trading algorithm that mimics the Fixing process.

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