FXall, Atriax ‘to merge’

TECHNOLOGY NEWS

LONDON -- Multi-bank FX trading portals FXall and Atriax will merge this week, according to rumours sweeping the FX markets last week.

Although officials at both firms declined to comment on the speculation, sources across the industry told FX Week that FXall, owned by 16 global banks, would probably be the dominant partner in the anticipated merger. Atriax is owned by Citigroup, JP Morgan Chase, Deutsche Bank and information vendor Reuters.

"They will spin it as a partnership," said a source at