Brown Brothers Harriman sets up foreign exchange platform

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New York--Brown Brothers Harriman & Co., the largest private bank, is deepening its b-to-b e-commerce involvement with an electronic limit order platform that will allow clients to check on foreign exchange order status 24 hours a day. The 183-year-old bank, which started as an importer of Irish linens and is now a top global bank for institutional clients, said the platform, FX Order, runs on digital certificates and allows clients to place and monitor orders. Online foreign exchange trading platforms are increasingly being viewed as indispensable marketing tools by b-to-b banks. Merrill Lynch & Co. offers a similar system.
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