IFS, the developer of Internet trading solution for international financial institutions, has announced a deal with the
Citigroup Private Bank which is to take IFS's MarginMan-GATE for collateralised trading. The Citibank Private
Bank is the first of the world's leading financial institutions to implement the integrated product since IFS's recent
announcement of the $21 million Dene acquisition. This merger allowed the two companies to form the new
MarginMan-GATE product that facilitates trading across the web.
IFS has announced that it has been chosen as a technology partner by Currenex, the world’s first operational online
global currency exchange. Under the terms of the agreement, an Application Program Interface between Currenex’s
Internet service, FXtrades, and IFS’ MarginMan-GATE application will be built, allowing financial institutions to
conduct automated collateralised Foreign Exchange [FX] trading on the Currenex exchange.