Reuters after Atriax
TECHNOLOGY NEWS
Reuters returns to its former role of ‘facilitator’ in the FX markets after the demise of the portal it part-owned
The failure of FX trading portal Atriax in April underlined many of the problems associated with multi-bank FX.
Outsourced technology, immense costs and disagreements among Atriax’s four partners were cited by sources close to the portal as reasons for its demise. But while the three banking owners -- top players Citigroup, Deutsche Bank and JP Morgan Chase -- moved quickly to gain
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