Multinet Foreign Exchange Clearing House Will Be Technically Ready By 1993 End
TECHNOLOGY
The Multinet foreign exchange clearing-house will be technically ready for operation by the end of 1993, according to Garrett Glass, chairman of the Multinet steering committee and a senior vice president at First National Bank of Chicago. But questions still remain about regulatory approval of the project, he says.
"The system will be built by the end of the year," says Glass. The group, which recently changed its name from North American Clearing House Organization (Nacho), is aiming to do
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