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F-trade Readies Internet Trading Solution

TRANSACTION SYSTEMS

LONDON--Paul Simion’s new company F-trade has designed an Internet trading service that links one bank’s electronic trading system to another bank’s.

The service is essentially an IP-based message broker designed for the execution of trades between disparate systems over the Internet. It is aims to promote liquidity for banks’ electronic trading systems, without making them buy more systems.

Paul Simion, founder of F-trade, says, "By applying business rules to our messaging platform, the bank can

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