Reuters Extends Dealing 2000-2 To Four Banks In Zurich And Frankfurt

TECHNOLOGY

Reuters Holdings PLC announced last week that its Dealing 2000-2 automated foreign exchange order-matching system was being extended to bank sites in Zurich and Frankfurt. The announcement indicates that four banks in those two cities are now using the system. Although Reuters refuses to name the banks, system users in London say they are Swiss Volksbank and Bank Julius Baer in Zurich, and Deutsche Bank and Dresdner Bank in Frankfurt. Union Bank of Switzerland in Zurich will also be starting