Buy-side FX Portal Set to Launch in 3rd Qtr.
TRANSACTION SYSTEMS
LONDON--An Asian buy side-focused foreign exchange trading portal, powered by technology from software vendor FNX, is due to start trading within the next month or so, giving institutions more control over their FX buying.
FNX founder and CEO Farid Naib says the FX portal will originally involve a defined set of institutional clients, but it eventually will expand to include others. The portal will go live by the end of this year, probably within a month, with limited products and then with the
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