ANZ revamps e-FX with Progress
The project, which began earlier this year, first deployed the platform to aggregate multiple feeds from undisclosed foreign exchange electronic communication networks (ECN) and single-bank portals into a single view of prices, according to officials.
"As these single-bank FX platforms have come on the scene over the past year or so, they have started taking some liquidity away from the ECNs and regional banks started connecting to the single-bank platforms," explained Dan Hubscher, industry
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