Transforex, New FX Broker, Eyes Sept. Start Focus On Cross Rates, 13 Brokers In Place
BROKERS
In an attempt to take advantage of the increasing amount of cross rate trading activity in the foreign exchange markets, Jeff Tuttle has formed a new foreign exchange brokerage company called Transforex Capital Partners, L.P. Transforex, which will feature the Deutsche mark/yen as well as a host of other crosses, is slated to begin operations in September.
According to Tuttle, Weeden & Co., L.P. and RTS Capital Services Inc. "have a sizeable minority share in Transforex."
Weeden & Co., a member of
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