Fed e-forex trading forum seeks greater focus on STP
TECHNOLOGY NEWS
NEW YORK -- FX portals need to concentrate more on straight-through processing (STP) for their clients, beyond simply matching bids and offers on currency pairs.
That was the conclusion of a multi-bank FX trading forum held by the Federal Reserve Bank of New York last week, which was attended by forex clients and all four FX portals -- FXall, Atriax, Currenex and FXConnect.
Chris Donus, treasury director at networking firm Lucent Technologies in New Jersey, said: "Competitive pricing is not the
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