Matchbook FX Picks Shadow Financial

TECHNOLOGY NEWS

NEW YORK--Matchbook FX has licensed Shadow Financial System’s software for multicurrency global clearance and settlement. The New York-based web FX trading service is using a custom-built interface from Shadow.

Shadow’s system takes trades executed on Matchbook and diverts them to a server that calculates commissions on the trades. The interface then books the trades to the customer’s account.

Shadow’s system is unusual as most similar systems are designed for large institutions’ trading

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