Bloomberg Continues FX Push As AIG Offers Electronic Trading
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NEW YORK--Bloomberg’s drive to win business in the foreign exchange markets continued last week as AIG International began offering two-way FX trading on the service. US investment bank Bear Stearns was previously sole FX trading provider for Bloomberg, but now up to 60 banks are showing their interest.
"Foreign exchange was the last frontier," says Jim Mahn, applications manager for Bloomberg FX Americas in New York. "It’s a logical step for us. For years, we have offered electronic trading in
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