NEW YORK--The revelation by The Wall Street Journal last week that three of the foreign exchange markets' top banks--Chase, Citibank and Deutsche--are to form an Internet FX trading alliance with Reuters has prompted a flood of speculation over the timing and structure of such a consortium.
Despite press reports in the Financial Times and elsewhere claiming that the four participants have openly owned up to the alliance, all four refuse to admit that such a venture exists or is even planned
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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