Fears For Foreign Exchange Job Losses Unfounded

NEWS

LONDON--Atriax’s announcement of a planned 2001 launch last week spawned press reports of potential job losses in an industry already hit by banking and currency consolidation.

But industry sources have said fears of massive redundancies in FX trading and back office roles are unfounded and any further reduction in trading roles will be gradual and likely be made up in other areas.

Dan Morehead, chief executive of Atriax in London, says the move to internet trading in FX is part of a continual

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