Three Banks To Install DDN In April

NEWS

LONDON -- Three banks will install FX broking STP system Direct Dealing Notification (DDN) in April, bringing the total number of banks live with the service to 16.

A spokesperson at Garban-Intercapital, one of three voice-brokers in the consortium that developed DDN, told FX Week the new banks include one site in Frankfurt which will go live with the system tomorrow (Tuesday April 3).

The consortium, which also includes brokers Prebon Yamane and Tullett & Tokyo, expects about 30 bank sites a