Quotron Pitches FX Dealing Service; Even More Competition For Reuters

THIS WEEK'S LEAD STORIES

Quotron Systems, Inc. outlined plans for yet another interbank foreign exchange dealing service at a recent meeting of FX-Net banks in London. It comes closely on the heels of the deal announced by Telerate Systems, Inc. and AT&T to provide a conversational dealing system (TST, October 26).

The effort is initially focused in London, where FX-Net, a for-profit corporation, provides bilateral forex trade netting services to its owners, a group of about a dozen major banks. The Quotron service also

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