FX Alliance, a provider of a foreign exchange trading platform used by institutional investors, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The company's foreign exchange trading solutions include a comprehensive suite of electronic trading products used by asset-managers worldwide, including FX spot, FX forwards, FX swaps, and non-deliverable forwards. FX Alliance has also managed to attract funding from notable information technology-focused venture capital firm Technology Crossover Ventures (TCV). The New York, NY-based company, which was founded in 2006 and booked $57 million in sales for the 12 months ended June 30, 2011, has yet to determine an exchange and ticker symbol. BofA Merrill Lynch, Goldman Sachs, Citigroup and J.P. Morgan are the lead underwriters on the deal. Terms and timing are to be announced.
