N.A. Multilateral Netting Effort Crippled As Morgan Guaranty And Bankers Trust Pull Out

TECHNOLOGY

The North American effort to develop a multilateral netting system for the foreign exchange market was crippled last week after two of the largest U.S. member banks, Morgan Guaranty and Bankers Trust, withdrew from the project. The decision--taken after several years of development--leaves the future of the project in question.

A spokesman at Morgan confirmed that the bank had pulled out of the project early last week. Bankers Trust followed suit several days later, a spokesman there notes.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: