New Forex Portal Set to Launch In Third Quarter
TRANSACTION SYSTEMS
LONDON--An Asian buy side-originated foreign exchange trading portal, powered by technology from software vendor FNX, is scheduled to start trading within the next month or so, giving institutions more control over their FX buying.
FNX declines to name the institutional consortium behind the portal, but Sean McDermott, managing director of Asia at FNX, did say that FNX and a "very good and impressive institutional partner" jointly developed it.
McDermott says that sell-side participants are also
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