E Quote FX To Launch Web Forexexchange Using FMS Software

TECHNOLOGY NEWS

NEW YORK--Broking firm E Quote FX Corporation will launch the first online exchange for FX trading, with a system aimed at banks and corporates. The online market-place will start trading on February 1.

Graham Barry, president of E Quote in New York, says the broker's business plan is to become the Nasdaq of the FX world. "We want to become a major exchange network for second- and third-tier banks and corporates looking to provide liquidity for the FX market," he told FX Week.

"Using this syst