Currenex Launches Multi-Bank Web Based FX Trading System

INTERNET

LONDON--Currenex launched the first multi-bank internet foreign exchange trading portal last Thursday.

Currenex--if its system proves popular--could well become a major force in tightening spreads for corporate and institutional customers and a landmark development in internet forex trading.

Currenex’s web service--FXtrades--works on an auction principle with corporate users seeking quotes from as many as 20 banks that are already logged on to the internet site.

Typically users set up a custom

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