Comerica launches eFX system

TECHNOLOGY NEWS

DETROIT -- Comerica Bank in Michigan has launched Comerica eFX, an online FX trading platform for the banks' own clients.

Industry observers had expected banks to reduce their investment in online proprietary trading systems, with this year's launch of alternative multi-bank trading systems like Atriax and FXall.

But many smaller banks are continuing to build their own online trading systems, while larger FX players, such as Barclays Capital, are seeing increased use of their systems (see rel