PassBook Enables Global Foreign Exchange Trading in Real Time

Financial institutions can create, track and execute customers' limit- orders globally in real time using Dow Jones Market's PassBook, a Windows-based order management and routing service for the foreign exchange market. Customer orders can be entered into the PassBook system by authorized personnel from anywhere in the world. And a built-in authorization feature lets desk supervisors control traders' access to orders. Once entered, orders can be shared immediately worldwide for execution by appropriate desks and traders. The service is now in use at United Kingdom-based NatWest Markets, which worked closely with Dow Jones Markets in PassBook's development.