Poor London Volume On D2000-2 Spurs Reuters Call For Action
TECHNOLOGY
Volume on the Reuters Dealing 2000-2 system has been so poor in the London market that Reuters felt obliged to call together representatives from user banks at the end of last month to discuss the problem, say bank forex executives present at the meeting.
According to attendees, Reuters officials told users that in the month of May, only 600 deals were consummated on the system, more than 80 percent of them done in New York -- which means only about two deals per day were done in London during
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