Reuters expands in China
NEWS
Bank of China, Bank of Communications, the Chinese branch of Bank of Montreal, China Construction Bank and Industrial and Commercial Bank of China have all recently signed agreements to use the Reuters Dealing 3000 service.
Using the sevice, banks in China can trade approximately 39 global currency pairs in spot foreign exchange, including the US dollar, euro, yen and sterling.
The adoption of the dealing service is an important step on China's move to currency liberalisation, according to
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