Chase, Citibank, Deutsche to Form ForeX Trading Alliance with Reuters

PRODUCT WATCH

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

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