Tech briefs - Multi-bank portals fight for viability

"The challenge is on for FXall to build its position if it is to succeed over the next year," said Justyn Trenner, chief executive and principal at ClientKnowledge.

From interviews with 1,600 large companies and investors, contacts at the platforms and their participants, the research firm concluded that the total amount traded via multi-bank platforms now stands at $14 billion a day -- 7% of total wholesale FX activity, which ClientKnowledge estimates at $200 billion. State Street’s FX