FXall enables users to access bank algorithms

Phil Weisberg at FXall

FXall has launched a new facility that will allow customers to use bank algorithms and send resting order requests to selected banks for them to manage. Credit Suisse, Deutsche Bank, Goldman Sachs and JP Morgan are currently signed up as provider banks, while Citi and Morgan Stanley are expected to be on board in the third quarter.

"As the foreign exchange market has evolved, our customers have embedded our systems and processes into theirs to manage their currency transactions. As such, there

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