AusMarkets backs away from forex
TECHNOLOGY NEWS
SYDNEY -- Regional multi-bank trading platform AusMarkets is unlikely to offer FX dealing when it launches next year, Sydney-based chief executive officer Simon Narroway told FX Week.
"FX is probably beyond our scope -- it's an overcrowded market space," he said.
The confirmation signals a u-turn for the portal, which last year announced it would launch FX trading alongside money markets and debt securities trading (FX Week November 13, 2000).
Now, said Narroway, the portal will only include FX if
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