AusMarkets put on hold

TECHNOLOGY NEWS

SYDNEY -- Regional multi-bank trading portal AusMarkets is now unlikely to go ahead, chief executive Simon Narroway told FX Week, after the board of directors voted unanimously to put the venture on hold.

Narroway cited the current economic climate and technology problems.

Although the shareholding banks, ANZ, National Bank of Australia, Commonwealth Bank of Australia and Westpac Banking Corp, will continue to assess the portal’s technology options, Narroway said AusMarkets had not found a sui