Multi-bank battle heats up
FRONT PAGE NEWS
LONDON -- FXall and Atriax will soon face competition from another player in the multi-bank FX arena, sources told FX Week.
Banks are in discussions with a software company that is developing an FX trading portal to rival the bank-owned trading portals, senior e-FX bank officials said.
Non-disclosure agreements with the un-named company prevent them from revealing further details. But, bankers told FX Week, the portal’s strength would be its backing from a "large proportion" of corporate
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