Banks Look To Build FX Order-Matching System Quotron Eyed As Vendor, Minex As Co-Sponsor?
TECHNOLOGY
After years of whining about the dangers of Reuters Holdings PLC's virtual monopoly in the market for foreign exchange transactional systems, the major money center banks appear to be getting serious about building and operating their own order-matching system. A group of member banks of the FXNET consortium, which operates a bilateral foreign exchange netting system, are investigating the possibility of developing a rival to Reuters' long-delayed Dealing 2000-2 order-matching system.
The group-
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