Integral To Launch FX Auctions At CFOWeb.com
NEWS
PALO ALTO, California--Integral, the US e-commerce firm, is to launch an internet auction site for foreign exchange products called CFOWeb.com by the end of March.
The site aims to provide a vehicle for chief financial officers, corporate treasurers and fund managers to receive competitive FX quotes from banks that sub scribe to the service.
Dealing banks must pay around $25,000 per asset class per month -- initially, spots, forwards, options, currency swaps, FRAs, and interest rate caps/floors --
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