Echo And Multinet Talk Of Merger To Reduce Forex Settlement Risk
DEALING & NETTING
The Exchange Clearing House Organization (Echo) is working on plans to potentially merge with Multinet, the North American-based multilateral FX netting group, to "achieve a reduction and the eventual elimination of FX settlement risk", an official at Echo says.
However, sources close to Multinet say discussions of a merger between the two parties are at a "preliminary" stage and it would be an "overstatement" to suggest that these discussions would lead to an imminent merger.
Speaking at a
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