Multi-Bank Portals May Not Reduce Spreads, Says Atriax

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LONDON -- Multi-bank FX trading portals will not necessarily tighten spreads in currency trading. So says Dan Morehead, chief executive of prospective online FX trading portal Atriax, in an exclusive interview with FX Week.

"The Atriax value proposition is primarily about increased efficiency and reducing transaction costs, and makes no assumption about spreads," he says in the interview with e-FX, published free with next week's FX Week.

FX clients had hoped the launch of multi-bank trading