Multi-bank pricing is working, says Centradia

Owned by the UK’s Royal Bank of Scotland, French Bank Société Générale, Spain’s Banco Santander Central Hispano and Italian bank Sanpaolo IMI, Centradia started trading in November 2001.

Users, typically mid-tier corporates or institutions, send requests to their relationship bank. Centradia then collects prices from the remaining banks and creates a ‘best price’ at which the client trades with its own bank. Centradia then arranges a back-to-back trade between the liquidity provider and