Quotron, FXNET Woo Banks In New York Multibranch Netting Proposal Outlined
TECHNOLOGY
FXNET's plans for a multibranch netting system for interbank foreign exchange trading were outlined last week by Price Waterhouse consultant David Ledsham at a mini-conference sponsored by Citibank N.A. subsidiary Quotron Systems Inc. Ledsham characterized multibranch netting based on FXNET's bilateral netting service as a low-cost interim solution that maximizes the benefits of bilateral netting while avoiding the more intractable obstacles to multilateral netting.
Interbank netting services
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