FXall sees strong take-up on MM platform
The platform, targeted at banks, asset managers and corporates, enables trading in money market instruments including cash loans and deposits.
It uses straight-through processing and workflow tools that enable users to split deposits across multiple banks. ABN Amro, Barclays, ING, KBC, Lloyds and the Royal Bank of Scotland are the named banks supporting the project.
A spokesperson for FXall in London said: “We have had other banks go live since launch, and more are expected to sign up imminently
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