Icap challenges Reuters with i-Forwards platform

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i-Forwards enables trading in a range of short-dated and longer-dated currency forwards, and was launched in Europe at the end of 2004.

The broker said that since launching i-Forwards in Europe, the platform has attracted a large number of counterparties. It currently has more than 100 market-making banks and counterparties trading electronically, in more than 15 countries.

The platform is being rolled out in Asia and the Americas in an effort to build a global e-book in forward FX, the broker

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