News Retrieval

SPECIAL REPORT: FOREIGN EXCHANGE IT

Compiled by Kirk Kjeldsen

CFOWeb Confirms Trading Stopped

Independent capital markets trading portal CFOWeb stopped trading in early March, says Harpal Sandhu, chief executive of software company Integral, which owns the site. The admission ends months of speculation about CFOWeb, which was the first independent portal to launch multi-bank trading in FX last June.

Sandhu confirms that liquidity on CFOWeb had dried up following announcements in the second half of 2000 that two banking consortia

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