Dealers blast multi-bank FX


FX Week poll reveals hardening attitudes to remaining portals

LUXEMBOURG – The future looks bleak for the remaining multi-bank FX trading portals according to delegates at the sixth annual ACI European Congress in Luxembourg last week.

Following the closure of two of five portals in the past six weeks – technology firm SunGard’s system (FX Week, May 20) and Atriax (FX Week, April 8) – 90% of delegates surveyed by FX Week said they now believe multi-bank FX portals have had their day.