Ausmarkets.com Could Spark Regional E-FX Trade Boom

NEWS

SYDNEY -- Ausmarkets.com, the bank-owned consortium which will sell FX and other financial products on the internet, could be the first in a series of regional online marketplaces, say banking sources.

Global initiatives like Atriax and FXall, which will both launch FX multi-bank trading portals next year, may not fulfil the needs of users in particular regions, says a senior banking source in London.

Atriax, the multi-bank FX trading consortium owned by US banks Citibank and Chase Manhattan,