CFOWeb.com Attracts Heavyweight Forex Banks To Online Auction Site

FRONT PAGE NEWS

NEW YORK--CFOWeb.com has scored a coup for its capital markets web portal, with a deal to list forex products from heavyweights Bank of America, Standard Chartered and AIG International on the site.

All three announced last week that they are to be providers for CFOWeb.com, which will be the first business-to-business e-commerce portal for the foreign exchange markets.

Banks pay an average of $25,000 for each asset class per month to quote rates for their products on the internet site which is