FXall launches trading

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NEW YORK – Multi-bank portal FXall launched its FX trading platform last Thursday (May 10), with trading between 14 banks and a handful of clients from its customer advisory board (CAB).

Phil Weisberg, chief executive of the portal in New York, told FX Week that more of the portal’s 47 member banks would start trading on it in the next wave of connections in a few weeks.

“We feel we got a big endorsement from the market. We’ve made the important move from an interesting concept to a reality,”