Voice Brokers Join Forces To Launch STP Currency Trading System
NEWS
LONDON -- Voice brokers Garban Intercapital, Prebon Yamane and Tullett & Tokyo Liberty are to launch a straight-through processing (STP) system for currency trading called Direct Deal Notification (DDN). Some analysts say this could help the brokers win back market share from electronic transactions providers EBS and Reuters, which dominate the spot FX market.
"At the moment it's a choice between hitting an EBS keyboard or using a broker, which could involve writing out a deal-ticket as a lot of
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