Products September 8, 2002

BankOxgen Trading Platform Enhanced by E&Y Services

August 21, 2001 (PLANSPONSOR.com) - FinancialOxygen has partnered with Ernst and Young to provide an advisory service to independent financial institutions participating in its online capital markets trading hub, BankOxygen.
Reported by

Ernst & Young will offer its Online Tax Advisor and Accounting & Auditing Toolkit, a Web-based service that delivers written tax advice and assistance to BankOxygen participants. The group will also provide information on:

  • cash management services
  • risk management and regulatory services
  • eRisk Solutions.

BankOxygen currently executes about $3 billion in daily volume and connects 21,000 independent US financial institutions with providers of investment products such as Fed Funds, repurchase agreements, money market securities, and commercial paper.

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For those with less than $15 billion in assets, BankOxygen provides a platform to invest and manage cash balances in real-time with sophisticated tools typically accessible only to large money managers, the company said in a news release.  The platform features online trading, investment products, market news, and analytics and accounting software.


 

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