LONDON--Multibank FX information and trading portals FXall and Atriax could merge this week, according to rumors sweeping the FX market.
Although officials at both firms decline to comment on speculation of a merger, sources across the industry say FXall would likely be the dominant partner in the merger.
"They will spin it as a partnership," says a source at a rival firm to both FXall and Atriax. "But the reality is that FXall has got more traction--although both have large burn rates."
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