Lava Trading Readies Interbank Service
FX TRADING
NEW YORK—Lava Trading, a direct access and aggregation services vendor, last week announced plans to introduce an interbank foreign exchange (FX) transaction platform.
The system will be built on Lava's existing proprietary systems and available through the Internet or leased lines.
The initiative, set to launch later this year, will allow banks to shift large positions quickly and quietly among themselves via a "blind" system, say officials of the New York-based vendor. The underlying technology
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