FXNET To Go Live In Tokyo In February Credit Concerns Spark New Interest
TECHNOLOGY
FXNET expects to go live in Tokyo in February at Manufacturers Hanover Trust, according to Peter Bartko, chairman of the bilateral foreign exchange netting service. He also notes that interest in netting in general has multiplied as banks grow increasingly concerned about counterparty risk.
"I've seen a change in attitude because of declining credit quality. The interest in netting has increased substantially within the last two or three months, it's the flavor of the month again," Bartko says.
To
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