Quotron To Establish Separate FX Entity? Legal Vehicle Eyed Despite Sizable Losses


Citicorp subsidiary Quotron Systems Inc., which "has always operated its foreign exchange business as a separate entity," according to a spokesperson there, is now planning to establish a legal entity to house all its forex products, including F/X Trader, FXNet, and its Electronic Broking Services (EBS) software, a source at the company says.

A Quotron source indicates that the new vehicle could be ready in the U.S.
by year-end, but regulatory constraints could drag out the process overseas,