Bank One considers electronic FX options

The bank is considering replacing its Reuters Automated Dealing System (Rads) with a new product, said Matt O’Hara, global FX product manager, at the bank in Chicago.

Reuters recently purchased AVT Technologies and plans to replace Rads with AVT’s Echo FX and Echo MM products.

"Whatever happens, we will get a new product," said O’Hara. "But it will not necessarily be the AVT product. We may be looking for a new product in the not-so-distant future."

O’Hara said that through its FX trading expan