Echo Netting Group Staffs Up To 19 Ahead Of 1994 Launch
TECHNOLOGY
The European Clearing House Organization (Echo) has spent the four months since it became a limited company staffing up as it prepares for its planned launch next year of a multilateral clearing house for foreign exchange netting. Echo now has 19 core employees, and plans to add operational staff as the start date nears, says chief executive Graham Duncan.
But a source with access to regulators' deliberations says experts at the Bank for International Settlements (BIS) are shying away from
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