As expected, Quotron System Inc.’s F/X Trader automated trading system for the interbank foreign exchange market is due to go live in Paris, Zurich and Frankfurt in mid-November. The system, which first went live in early September with 44 user sites, is now live at 52 sites. "We’re seeing that people are taking more and more keystations which is good," adds a Quotron spokeswoman. Banks are offered the service free of charge until the 100th bank is added (FX Week, May 25).

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