Second Client Tests TXC

The New York-based firm expects to begin ramping up with live trades in the next few months as the client tests out the TXC's systems. Similar to TXC's first client that went live in December 2009, the new client consists of a pair of high-frequency traders at a European bank (DWT, Feb. 1).

They are trading spot foreign exchange (FX) on major platforms such as Currenex and EBS Spot, which will be added on a phased rollout. For spot FX, TXC is connected to EBS Spot, Thomson Reuters, HotspotFX and

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