Major & Minor FX Players Embrace Internet As New Dealing Environment
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LONDON--Foreign exchange trading technology is clearly going the way of "e-commerce" as established FX leaders such as Citibank and NatWest Global Financial Markets (NatWest GFM) move to Web-based FX transaction systems, while smaller players First Union and National Australia Bank (NAB) embrace the automated transaction services of Cognotec in attempts to boost their fortunes.
By the end of the year Citibank will allow clients to use the Web to execute trades at benchmark rates, or directly via
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