Reuters FX Dealing Failure Disrupts European Trading

FRONT PAGE

LONDON--Foreign exchange trading using Reuters matching service was disrupted by a half-day system failure last week. Reuters Dealing 3000 Spot Matching and Reuters Dealing 2000-2 went down last Monday (April 10) for the European morning trading session.

Currency traders using the system say the problems were serious. "Trading without the matching system was like driving a car without the wheels," says one London-based currency trader. "Particularly hard hit were those trading sterling and

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