New Web Trading Service Tightens Squeeze on Traditional FX Business
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NEW YORK--MatchbookFX, a New York-based company, launches a new online FX trading system this week, aimed at both the institutional and retail forex markets.
Officials claim that the system will offer a new concept in the FX business, by using the web to directly link buyers and sellers of foreign currency. It thus eliminates the need for a broker or a conventional FX dealing desk intermediary.
Work on the project began earlier this year, and the site had a 'soft-launch' in July. Since then it has
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