FX Index Trading Tool Comes Online

June 8, 2001 (PLANSPONSOR.com) - Brown Brothers Harriman (BBH) has launched FX IndexLink, a software based foreign exchange tool designed specifically for index fund managers.

FX IndexLink is geared toward portfolio managers who seek to minimize currency risk based on set parameters, rather than spot forex traders who react to intraday market fluctuations, according to Dow Jones.

For currency trades with FX IndexLink, BBH will “guarantee the benchmark rate or better,” according to the report, allowing fund managers to focus on equities.

BBH’s in-house technology team developed both FX IndexLink and FX Worldview, BBH’s Web-based platform for spot trading. Both can be customized to fit individual clients’ requests.