Banklink, FX Match Services Announce Software Upgrades
TECHNOLOGY
Two rival systems for electronic confirmation of corporate FX transactions with banks have both recently upgraded their capabilities and progressed in signing up both bank and corporate counterparties, according to executives.
Neither Banklink, launched in 1991 by Chemical Bank, nor Citicorp's FX Match, launched in 1992, has clearly won the race to reach a critical mass of subscribers. But both groups say the concept of electronic matching is catching on fast among higher-volume corporate and
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