M&G to sign with FX Connect
NEWS
The UK-based fund management group, whose FX volumes were more than £100 billion last year, is set to go live with FX Connect at the end of January or February 2006, said Roy Christie, director of Treasury in London.
M&G has been in discussions with FXall and FX Connect for nearly two years, but implementation was held up by a lack of internal straight-through processing, said Christie.
He said the group had decided on FX Connect as its system was more suited to their business than FXall's. "As
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