Another one bites the dust

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SunGard cites slow portal take-up as it closes multi-bank FX

LONDON -- Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank FX portal.

The UK firm said it had merged STN Treasury, the unit that houses the FX portal, with its eTreasury exchange (eTX) into one unit, to be be called eTX STN. That means clients will still be able to request forex prices from banks hooked up to both STN Treasury

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